Jon Burton Sells Malibu Single Family Home For $91M With Kurt Rappaport From Westside Estate Agency As Seller’s Rep
$91,000,000
$8,272/SF
Building Size
11,000 SF
Asset Type
Single Family
Closing
Dec 21, 2022
AI
Located in Malibu, this single-family property was recently sold in a transaction facilitated by Jon Burton. The property spans 11,000 square feet and was sold for an impressive price of $91,000,000, resulting in a price per square foot of $8,273.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $91,000,000
- Market: Malibu
- Seller: Jon Burton
- Buyer's Representative: Paul Lester & Aileen Comora - The Agency
- Seller's Representatives: Kurt Rappaport - Westside Estate Agency; Lisa Laughlin - Sotheby’s International Realty
The sale of this property was successfully negotiated by Kurt Rappaport from Westside Estate Agency and Lisa Laughlin from Sotheby’s International Realty, representing the seller. Paul Lester and Aileen Comora from The Agency acted as the buyer's representatives in the deal.
Players
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93