Richard Saghian Acquires Malibu SFR From Ted Sarandos & Nicole Avant For $14.7M

Richard Saghian, the founder of the popular fashion brand Fashion Nova, has purchased a single-family home (SFR) in Malibu. The property, which spans 3,736 square feet, was sold by Ted Sarandos, the Chief Content Officer and co-CEO of Netflix, and Nicole Avant. The transaction was facilitated by the brokers Jonah Wilson, Stuart Vetterick from Hilton & Hyland, and Chris Cortazzo from Compass.

Summary of transaction details

• Property Type: Single-Family Home (SFR)
• Transaction Amount: $14,700,000
• Market: Malibu
• Square Footage: 3,736
• Price per Square Foot: $3,934

This high-profile deal attracted attention due to the involvement of Richard Saghian, known for his successful venture in the fashion industry with Fashion Nova. The sellers, Ted Sarandos and Nicole Avant, are prominent figures in the entertainment industry, with Sarandos being a key executive at Netflix.