Pink Acquires Malibu SFR From Soleyman Cohen-Sedgh For $13.7M
SOLD
California
See Similar DealsSingle Family4,320 SF
Sold 06/15/2021
SOLD
Pink Acquires Malibu SFR From Soleyman Cohen-Sedgh For $13.7M
Malibu, CA, USA
See Similar DealsSingle Family4,320 SF
Sold 06/15/2021
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$3,171
Total Square Footage:4,320 SF
Transaction Type:Sale
Pink has purchased a single-family residence (SFR) in Malibu for a total price of $13,700,000. The property, which was sold by Soleyman Cohen-Sedgh, spans across 4,320 square feet. The sale price per square foot (PPSF) amounts to $3,171.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,700,000
- Market: Malibu
- Buyer: Pink
- Seller: Soleyman Cohen-Sedgh
- Brokers: Irene Dazzan-Palmer - The Agency, Lily Harfouche - Compass
- SF: 4,320
- PPSF: $3,171
The buyer, Pink, made this acquisition in the Malibu market. Irene Dazzan-Palmer from The Agency and Lily Harfouche from Compass served as the brokers in this transaction.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$730,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,673.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,944.99
Annual Debt Service$779,339.87
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