Carter Reum & Paris Hilton Acquire Malibu SFR From Estate Of Tom Pollock For $8.4M
Malibu, CA, USA
$8,400,000
$2,830/SF
Building Size
2,968 SF
Asset Type
Single Family
Closing
Aug 20, 2021
AI
The property involved in this transaction is a Single Family Residence (SFR) located in Malibu, California. The sale took place on August 20, 2021, and the buyers are Carter Reum and Paris Hilton. The sellers are the Estate of Tom Pollock. The property was listed by brokers Chris Cortazzo and Ali Gagerman from Compass. The sale price for the property is $8,400,000, and it has a total square footage of 2,968, resulting in a price per square foot of $2,830.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $8,400,000
- Market: Malibu
- Buyers: Carter Reum & Paris Hilton
- Sellers: Estate of Tom Pollock
- Brokers: Chris Cortazzo & Ali Gagerman - Compass
- Square Footage: 2,968
- Price per Square Foot: $2,830
Carter Reum and Paris Hilton purchased this property from the Estate of Tom Pollock. The transaction was facilitated by brokers Chris Cortazzo and Ali Gagerman from Compass. The property is a Single Family Residence (SFR) situated in the sought-after market of Malibu. With a total square footage of 2,968, the property offers ample space for the buyers' needs. The sale price of $8,400,000 reflects the value of the property in this desirable location.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93