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The Bird Streets, Los Angel...

Dave Dama Acquires SFR In The Bird Streets For $9.1M
SOLD

Dave Dama Acquires SFR In The Bird Streets For $9.1M

The Bird Streets, Los Angeles, California, United States

$9,126,000

$1,730/SF

Building Size

5,275 SF

Asset Type

Closing

Feb 28, 2022

AI

1551 Viewsite Dr. in The Bird Streets has been sold in a closed transaction. The single-family residential property spans 5,275 square feet and was purchased by Dave Dama for a total price of $9,126,000, resulting in a price per square foot of $1,730. The property was listed by Wendi Bromley, Kylie Jenner, and Travis Scott, and the transaction was facilitated by Benjamin Illulian of Illulian Realty as the broker.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,126,000
  • SF: 5,275
  • PPSF: $1,730
  • Buyer: Dave Dama
  • Seller: Wendi Bromley, Kylie Jenner & Travis Scott
  • Broker: Benjamin Illulian - Illulian Realty

The successful sale of 1551 Viewsite Dr. was finalized on 03/01/2022. This transaction involved notable individuals, such as Dave Dama as the buyer and Wendi Bromley, Kylie Jenner, and Travis Scott as the sellers. Benjamin Illulian, representing Illulian Realty, played a crucial role as the broker in facilitating this deal.

Players

Benjamin Illulian

Keller Williams Realty

Broker

$71.5M

vol

16 deals

Broker

Kylie Jenner

Seller

$60.6M

vol

5 deals

Seller

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93