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Caren Leib Of Pinnacle Estate Properties Represents Buyer In Malibu Home Sale For $5.67M

Property Image
SOLD
$5,670,000
Branden Williams
Rayni Williams
+ 1

California

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Single Family4,000 SF
Sold 09/17/2024
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Property Image
SOLD

Caren Leib Of Pinnacle Estate Properties Represents Buyer In Malibu Home Sale For $5.67M

5712 Busch Drive

See Similar Deals
Single Family4,000 SF
Sold 09/17/2024
Branden Williams
Rayni Williams
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,417
Total Square Footage:4,000 SF
Transaction Type:Sale

A newly completed modern home located at 5712 Busch Drive in Malibu has been sold for $5.67 million. This single-family residence covers 4,000 square feet and is situated on a 1.01-acre lot, priced at $1,418 per square foot.

Summary of transaction details:

The transaction highlights the involvement of Caren Leib representing the buyer, while Trevor Wright, Branden Williams, and Rayni Williams represented the seller. The property boasts luxury finishes, a spacious layout, a swimming pool, and a citrus garden, with views of the mountains and the Pacific Ocean.

Players

Trevor Wright
2 deals$25M volume
BROKER

Branden Williams
The Beverly Hills Estates
48 deals$1.2B volume
BROKER

Rayni Williams
Williams & Williams Estates Group
47 deals$1.3B volume
BROKER

Caren Leib
Pinnacle Estate Properties
1 deal$5.7M volume(310) 579-5818
BROKER

Details

SOLD
IMAGE: Caren Leib, Trevor Wright, Branden Williams & Rayni Williams DATE: 09/17/2024 ADDRESS: 5712 Busch Drive MARKET: Malibu ASSET TYPE: Single Family ~ ACRES: 1.01 BUYER'S REP: Caren Leib (@MalibuCaren) - Pinnacle Estate Properties (@PinnacleEstate) SELLER'S REP: Trevor Wright (@TrevorWrightestates), Branden Williams & Rayni Williams (@RayniRomitoWlliams) - Williams & Williams Estates Group (@WilliamsandWilliams) - The Beverly Hills Estates (@TheBeverlyHillsEstates) SALE PRICE: $5,670,000 SF: 4,000 ~ PPSF: $1,418 NOTE: A newly completed 5-bedroom, 5-bathroom modern home in Malibu sold for $5.67 million, priced at $1,418 per square foot, and sits on over an acre of land. Represented by Caren Leib (Pinnacle Estate Properties) for the buyer and Trevor Wright, Branden and Rayni Williams (The Beverly Hills Estates) for the seller, the property features luxury finishes, a spacious layout, and amenities including a swimming pool, citrus garden, and views of the mountains and Pacific Ocean.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,144.31
Cash-on-Cash Return-1.27%
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