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:
- Property Type: Condo
- Transaction Amount: $39,125,000
- Address: 1 West Century Drive Ph 39
- Market: Los Angeles
- Square Footage: 9,420
- Price Per Square Foot: $4,153
- Buyer: Miriam Schaeffer
- Seller: Vicki Walters
- Buyer's Representative: Jacob Dadon - Sotheby's International Realty
- Seller's Representative: Bachir Oueida - Douglas Elliman
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
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