Updated Sep 5, 2024
Dean Cain Sells Malibu Home For $6.25M With Seller's Rep Brian Merrick
Malibu
$6,250,000
$1,892/SF
Building Size
3,302 SF
Asset Type
Single Family
Closing
May 25, 2023
About this deal
AI
Actor Dean Cain has sold his Malibu home for $6.25 million. The single-family property, located in the desirable market of Malibu, spans 3,302 square feet. With a price per square foot of $1,893, this home offers a pool, waterfall spa, and picturesque ocean views.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $6,250,000
- Square Footage: 3,302
- Price per Square Foot: $1,893
- Seller: Dean Cain
- Buyer's Representative: Irene Dazzan-Palmer - The Agency
- Seller's Representative: Brian Merrick - Coldwell Banker Realty
The transaction was facilitated by Brian Merrick of Coldwell Banker Realty. The property garnered significant interest in the market and ultimately sold slightly below the original asking price. The new owner will enjoy the luxurious amenities including a pool, waterfall spa, and breathtaking ocean views.
Players
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $6.3M for 3,302 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93