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1 Century Drive

Miriam Schaeffer Purchases Condo At 1 West Century Drive For $39.125M With Jacob Dadon As The Broker
SOLDCondo

Miriam Schaeffer Purchases Condo At 1 West Century Drive For $39.125M With Jacob Dadon As The Broker

1 Century Drive

$39,125,000

$4,153/SF

Building Size

9,420 SF

Asset Type

Condo

Closing

Jan 16, 2025

AI

A condo located at 1 West Century Drive Ph 39 in Los Angeles has been sold for $39.125 million. The property spans 9,420 square feet, resulting in a price per square foot of $4,153. The unit features high-end finishes and was initially listed for $50 million. The seller, Vicki Walters, purchased the unit in 2015 for $22.5 million.

Summary of transaction details:

The transaction broke the city’s condo sale record, with Jacob Dadon representing the buyer, Miriam Schaeffer, and Bachir Oueida representing the seller, Vicki Walters. The unit, listed with high-end finishes, is one of the prominent condos in the Century.

Players

Jacob Dadon

Sotheby's International Realty

Broker

$74.1M

vol

2 deals

Broker

Los Angeles Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93