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Malibu, CA, USA

Howard & Nancy Marks Acquire $29.2M SFR In Malibu From Robyn Moore
SOLDSingle Family

Howard & Nancy Marks Acquire $29.2M SFR In Malibu From Robyn Moore

Malibu, CA, USA

$29,200,000

$5,285/SF

Building Size

5,525 SF

Asset Type

Single Family

Closing

May 21, 2021

AI

An SFR property in Malibu has been sold for a staggering price of $29,200,000. This luxurious property spans an area of 5,525 square feet, resulting in a price per square foot of $5,285. The transaction took place on 05/21/2021 and involved notable individuals and companies.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $29,200,000
  • Market: Malibu

The buyer of this exquisite property is Howard & Nancy Marks, representing Oaktree Capital. On the other hand, Robyn Moore acted as the seller in this transaction. The deal was facilitated by Ellen Francisco from Coldwell Banker and Linda May from Hilton & Hyland, serving as the buyer and seller's representative, respectively. These industry experts played a crucial role in ensuring a successful transaction and satisfying the needs of both parties involved.

Players

Linda May

Carolwood Estates

Broker

$557.5M

vol

14 deals

Broker
Howard Marks

Howard Marks

Oaktree Capital Management

Buyer

$674.3M

vol

9 deals

Buyer

Malibu Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.54%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93