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Malibu, CA, USA

Franz & Vicki Von Holzhausen - Tesla Acquires Malibu SFR From Neal Marlens & Carol Black
SOLDSingle Family

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

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.

Players

Aaron Kirman

Christie's International Real Estate

Broker

$900.5M

vol

43 deals

Broker
T
TeslaBuyer
T
TeslaBuyer

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