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
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