Donald De Line Acquires Condo In Sunset Strip For $5.1M
SOLD
$5,100,000
+ 1
California
See Similar Deals2,323 SF
Sold 07/15/2021
SOLD
Donald De Line Acquires Condo In Sunset Strip For $5.1M
9255 Doheny Road
See Similar Deals2,323 SF
Sold 07/15/2021
+ 1
Summary
CALIFORNIA
Price Per Square Foot:$2,195
Total Square Footage:2,323 SF
Transaction Type:Sale
A condo located at 9255 Doheny Rd. in Sunset Strip has been sold in a recent transaction. The property measures 2,323 square feet and was sold for a price of $5,100,000 at a rate of $2,195 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,100,000
- Address: 9255 Doheny Rd., Sunset Strip
- Square Footage: 2,323 sqft
- Price per Square Foot: $2,195
The buyer of the condo is Donald De Line, while Ernest Schmider - PIMCO Funds acted as the seller. The deal was facilitated by brokers Joshua Greer and Rudy Serrato from Hilton & Hyland, as well as Ernie Carswell and Christopher Pickett from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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