facebook

traded

+ Submit
Home

/

Deals

/

National

/

Single Family

/

Sale

/

Jon Burton sells Malibu hom...

Jon Burton Sells Malibu Single Family Home For $91M With Kurt Rappaport From Westside Estate Agency As Seller’s Rep
SOLDSingle Family

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:

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

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 deals

Broker

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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