Joel Simkhai's Grindr Acquires SFR In Hollywood Hills For $13M
SOLD
$13,000,000
+ 1
California
See Similar Deals8,771 SF
Sold 01/22/2020
SOLD
Joel Simkhai's Grindr Acquires SFR In Hollywood Hills For $13M
Hollywood Hills, Los Angeles, CA, USA
See Similar Deals8,771 SF
Sold 01/22/2020
+ 1
Summary
CALIFORNIA
Price Per Square Foot:$1,482
Total Square Footage:8,771 SF
Transaction Type:Sale
A Hollywood Hills single-family residence (SFR) in the market was recently sold for $13,000,000. The property spans over 8,771 square feet, resulting in a price per square foot of $1,482.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,000,000
The buyer of this property is Joel Simkhai, the founder of Grindr. Representing the buyer in this deal was Joel Simkhai's broker representative, James Harris and David Parnes from The Agency, along with Jory Burton from Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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