Local multifamily investment firm shells out $30M for Malibu mansion
A multifamily investment firm funded by a former telecommunications executive is behind the purchase of a $30 million beachfront property in Malibu, marking one of the city’s pricier trades in a fairly slow year. The sale price of 23812 Malibu Road pencils out to $6,590 per square foot for the six-bedroom, eight-bathroom home. The buyer is Seaview Malibu, a limited liability company tied to Beverly Hills-based Seaview Capital, according to records from PropertyShark and state filings. The property had been on and off the market as a rental over the years and was first listed for sale in March 2024 […]This article originally appeared on The Real Deal. Click here to read the full story.
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