Updated Oct 29, 2024
Marcus Stroman Acquires Malibu Retreat For $8.1M
Malibu, California
$8,084,825
$1,565/SF
Building Size
5,163 SF
Asset Type
Single Family
Closing
Apr 7, 2023
About this deal
AI
A blufftop retreat in Malibu has been sold to Chicago Cubs pitcher Marcus Stroman for slightly over its $8 million asking price. The Spanish-style home, located on almost 1.5 acres of land, features five bedrooms, six baths, and an infinity pool surrounded by landscaped grounds. The property boasts ocean and city light views.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,084,825
- Market: Malibu
- Acres: 1.4
Sebastian Wolski, Laura Cleary, and Ryan Jancula of Compass represented both the buyer, Marcus Stroman, and the seller in the transaction.
On the Map
$8,084,825
$1,565/SF
Single Family
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Players
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $8.1M for 5,163 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93