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Tony & Josephine Antoci buy...

Josephine Antoci Acquires $20M Oceanfront House In Malibu's Broad Beach
SOLDSingle Family

Josephine Antoci Acquires $20M Oceanfront House In Malibu's Broad Beach

$20,026,000

$5,419/SF

Building Size

3,695 SF

Asset Type

Single Family

Closing

Sep 15, 2023

AI

A $20 million oceanfront house in Malibu's Broad Beach has been sold to Tony and Josephine Antoci. The property, which was originally built in the 1950s, is a ranch-style home with six bedrooms, six bathrooms, and 73 feet of beach frontage. The exact plans for renovations have yet to be decided.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $20,026,000
  • Market: Malibu
  • Acres: 0.65

Tony and Josephine Antoci have purchased the oceanfront property in Malibu's Broad Beach. Tony Antoci was represented by Kevin D. Booker from Westside Estate Agency Inc. On the selling side, Lee Samson was represented by Gayle Pritchett from Sotheby's International Realty and Christopher Cortazzo from Compass. The property, which is known for its 1950s ranch-style design and 73 feet of beach frontage, attracted the attention of the Antoci couple. Josephine Antoci, who co-owns Erewhon supermarket chain, plans to renovate the property in the future.

Players

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker
Westside Estate Agency
Westside Estate AgencyBrokerage
Tony Antoci

Tony Antoci

Buyer

$113M

vol

6 deals

Buyer

Lee Samson

Seller

$90.3M

vol

3 deals

Seller

Market 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93