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Richard Saghian Of Fashion Nova Acquires Malibu Single Family Home For $40M

Property Image
SOLD
$40,000,000
Gayle Pritchett
Stuart Vetterick
Branden Williams
+ 3

National

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Single Family6,000 SF
Sold 01/05/2023
the dealplayerscompscontact
Property Image
SOLD

Richard Saghian Of Fashion Nova Acquires Malibu Single Family Home For $40M

Single Family6,000 SF
Sold 01/05/2023
Gayle Pritchett
Stuart Vetterick
Branden Williams
+ 3
the dealplayerscompscontact
Contact now

Summary

Asset Type:Single Family
Price Per Square Foot:$6,666
Total Square Footage:6,000 SF
Transaction Type:Sale

Players

Chris Cortazzo
Compass
Chris Cortazzo
32 deals$631.9M volume
BROKER
Branden Williams
The Beverly Hills Estates
Branden Williams
48 deals$1.2B volume
BROKER
Stuart Vetterick
Westside Estate Agency
Stuart Vetterick
5 deals$122.5M volume
BROKER
Gayle Pritchett
Gayle Pritchett
3 deals$66.5M volume
BROKER
RS
Rich Saghian
3 deals$195.7M volume
BUYER
LS
Lee Samson
3 deals$90.3M volume
SELLER

Details

SOLD
IMAGE: Richard Saghian DATE: 01/05/2023 MARKET: Malibu ASSET TYPE: Single Family BUYER: Richard Saghian (@rich) - Fashion Nova (@fashionnova) SELLER: Lee Samson - Windsor Healthcare Management BUYER’S REP: Stuart Vetterick (@stuartvetterick) - Hilton & Hyland (@hiltonhyland); Branden Williams - The Beverly Hills Estates (@thebeverlyhillsestates) SELLER’S REP: Gayle Pritchett (@gaylepritchettmalibu) - Pritchett – Rapf Realtors (@pritchettrapf); Chris Cortazzo (@chriscortazzo) - Compass (@compass) SALE PRICE: $40,000,000 SF: 6,000 ~ PPSF: $6,667

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88