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
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