Bill Guthy And Guthy-Renker Acquire Malibu & Brentwood SFR For $22.8M
Malibu, CA, USA
$22,800,000
$2,027/SF
Building Size
11,247 SF
Asset Type
Single Family
Closing
Jul 14, 2021
AI
Bill Guthy, co-founder of Guthy-Renker and Victoria Jackson, the well-known actress and entrepreneur, have made a notable real estate purchase in Malibu and Brentwood. The sale involved a single-family residential property that has caught the attention of many. The property, spanning 11,247 square feet, was sold for an impressive price of $22,800,000, equating to a price per square foot of $2,027.
Summary of transaction details:
- Property Type: Single Family Residential
- Transaction Amount: $22,800,000
- Market: Malibu & Brentwood
The deal was mediated by several brokers, each representing the interests of the buyer and seller. Sandro Dazzan from The Agency, Chris Cortazzo from Compass, Michelle Oliver from Douglas Elliman, and Linda May from Hilton & Hyland played vital roles in facilitating the transaction. Their expertise and experience in the market undoubtedly contributed to the success of the deal.
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93