Updated Oct 29, 2024
Joel Simkhai's Grindr Acquires SFR In Hollywood Hills For $13M
Hollywood Hills, Los Angeles, CA, USA
$13,000,000
$1,482/SF
Building Size
8,771 SF
Asset Type
—
Closing
Jan 22, 2020
About this deal
AI
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.
Players
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $13M for 8,771 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93