Updated Dec 19, 2023
Compass Represents Buyer In $9M Bel Air Residential Property Sale
10932 Savona Rd, Bel Air, Los Angeles, CA, USA
$9,000,000
$1,451/SF
Building Size
6,200 SF
Asset Type
Co-Op
Closing
Nov 3, 2021
About this deal
AI
Located in Bel Air, 10932 Savona Rd is a residential property that recently changed hands in a sale transaction. The property spans across 6,200 square feet and boasts a price per square foot of $1,451. The sale price recorded for this transaction amounts to $9,000,000.
Summary of Transaction Details
- Property Type: Residential Apt / Condo / SFR
- Transaction Amount: $9,000,000
- Address: 10932 Savona Rd
- Market: Bel Air
The buyer in this transaction was represented by Compass, while the seller was represented by Lemor Bitan, Josh Altman, and Matt Altman from Douglas Elliman.
This successful sale highlights the value of the property and showcases the collaboration between the buyer's representative, Compass, and the seller's representatives, Lemor Bitan, Josh Altman, and Matt Altman from Douglas Elliman. It is a testament to the expertise and negotiation skills employed by these professionals throughout the deal.
Players
Los Angeles Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93