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Richard Saghian buys Malibu...

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

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

$40,000,000

$6,666/SF

Building Size

6,000 SF

Asset Type

Single Family

Closing

Jan 5, 2023

AI

No summary available.

Players

Chris Cortazzo

Compass

Broker

$650.4M

vol

33 deals

Broker

Rich Saghian

Fashion Nova

Buyer

$195.7M

vol

3 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93