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

Property Image
SOLD
$29,200,000
Linda May
+ 1

California

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Single Family5,525 SF
Sold 05/21/2021
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Property Image
SOLD

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

Malibu, CA, USA

See Similar Deals
Single Family5,525 SF
Sold 05/21/2021
Linda May
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$5,285
Total Square Footage:5,525 SF
Transaction Type:Sale

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
14 deals$557.5M volume(310) 435-5932
BROKER

Ellen Francisco
3 deals$70.3M volume
BROKER


Howard Marks
Oaktree Capital Management
9 deals$674.3M volume
BUYER

Details

SOLD
IMAGE: Ellen Francisco, Howard Marks, Robyn Moore & Linda May DATE: 05/21/2021 MARKET: Malibu ASSET TYPE: SFR BUYER: Howard & Nancy Marks - Oaktree Capital SELLER: Robyn Moore BROKERS: Ellen Francisco - Coldwell Banker; Linda May - Hilton & Hyland SALE PRICE: $29,200,000 SF: 5,525 ~ PPSF: $5,285

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,557,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$103,741.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,422.90
Annual Debt Service$1,661,074.77