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Douglas Elliman Represents Buyer In $2.7M Sale Of Malibu SFR

Property Image
SOLD
$2,700,000

National

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Special Purpose1,924 SF
Sold 02/21/2023
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Property Image
SOLD

Douglas Elliman Represents Buyer In $2.7M Sale Of Malibu SFR

Special Purpose1,924 SF
Sold 02/21/2023
Contact now

Summary

Asset Type:Special Purpose
Price Per Square Foot:$1,403
Total Square Footage:1,924 SF
Transaction Type:Sale

An SFR property located in Malibu has been sold for $2,700,000. The property spans across 1,924 square feet and has a price per square foot of $1,403. The lot size is 9,213 square feet, with a price per lot square foot of $293.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $2,700,000
  • SF: 1,924
  • PPSF: $1,403
  • Lot SF: 9,213
  • PPLSF: $293

The buyer's representative in this transaction was Andrew Beyer from Douglas Elliman, while the seller's representative was Irene Dazzan-Palmer from The Agency.

Players

Irene Dazzan-Palmer
7 deals$57.3M volume
BROKER

Andrew Beyer
Carolwood Estates
8 deals$40.3M volume(310) 975-4445
BROKER

Details

SOLD
IMAGE: Andrew Beyer DATE: 02/21/2023 MARKET: Malibu ASSET TYPE: SFR BUYER'S REP: Andrew Beyer (@Andrewbeyer) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanCalifornia) SELLER'S REP: Irene Dazzan-Palmer (@MalibuIrene)- The Agency (@TheAgencyRE) SALE PRICE: $2,700,000 SF: 1,924 ~ PPSF: $1,403 LOT SF: 9,213 ~ PPLSF: $293

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

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53