Newmark Represents Buyer And The Agency RE Represents Seller In $17.45M Malibu SFR Sale
SOLD
$17,450,000
California
See Similar DealsSingle Family4,699 SF
Sold 10/05/2021
SOLD
Newmark Represents Buyer And The Agency RE Represents Seller In $17.45M Malibu SFR Sale
Malibu, CA, USA
See Similar DealsSingle Family4,699 SF
Sold 10/05/2021
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$3,713
Total Square Footage:4,699 SF
Transaction Type:Sale
A single-family residence (SFR) in Malibu has been sold for $17,450,000. The property spans 4,699 square feet, resulting in a price per square foot of $3,713. The sale transaction took place on October 5, 2021.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $17,450,000
- Market: Malibu
- Square Footage: 4,699 sqft
- Price per Square Foot: $3,713
The buyer, represented by Steven Schaefer and Jay Luchs from Newmark, successfully acquired the property. On the other hand, Sandro Dazzan from The Agency RE acted as the seller's representative in this transaction.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$930,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,996.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,721.90
Annual Debt Service$992,662.83
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