Updated Oct 29, 2024
Franz & Vicki Von Holzhausen - Tesla Acquires Malibu SFR From Neal Marlens & Carol Black
Malibu, CA, USA
$23,100,000
$4,415/SF
Building Size
5,232 SF
Asset Type
Single Family
Closing
Jun 25, 2021
About this deal
AI
An SFR located in Malibu was recently sold in a transaction that took place on June 25, 2021. The property, which spans 5,232 square feet, was sold for a total of $23,100,000, resulting in a price per square foot of $4,415. The sale was facilitated by real estate brokers Sandro Dazzan and Billy Rose from The Agency, as well as Aaron Kirman from Compass.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $23,100,000
- Market: Malibu
- Buyer: Franz & Vicki von Holzhausen - Tesla
- Seller: Neal Marlens & Carol Black
- Brokers: Sandro Dazzan & Billy Rose - The Agency, Aaron Kirman - Compass
Franz & Vicki von Holzhausen, who are associated with Tesla, were the buyers of the property. On the other hand, Neal Marlens & Carol Black were the sellers. The deal was facilitated by brokers Sandro Dazzan and Billy Rose from The Agency, as well as Aaron Kirman from Compass.
On the Map
$23,100,000
$4,415/SF
Single Family
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Players
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93