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Studio City

Arctic Monkeys Drummer Matt Helders Purchases Remodeled Studio City Ranch Home For $3.6M
SOLD

Arctic Monkeys Drummer Matt Helders Purchases Remodeled Studio City Ranch Home For $3.6M

Studio City

Building Size

Asset Type

Closing

Jun 13, 2023

AI

Arctic Monkeys drummer Matt Helders has purchased a remodeled ranch-style home in Studio City, Los Angeles, for a price of over $3.6 million. The single-family property, situated on approximately 0.28 acres of land, boasts midcentury architecture and features open-concept interiors. The 3,388 square foot residence comprises four bedrooms and offers a backyard complete with a pool and spa that overlooks the canyon.

Summary of Transaction Details:

  • Property Type: Single Family
  • Transaction Amount: $3,647,225
  • Market: Studio City
  • Acres: 0.28

In this deal, Matt Helders enlisted the services of Davis & Jonathan Nash from Carolwood Estates as his buyer's representatives. Ari Afshar from Compass and Michael J. Okun from Sotheby’s International Realty acted as the seller's representatives in the transaction.

Players

Studio City CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93