Ji Lee Acquires 5,100 SF SFR In Los Feliz For $3,325,000
5500 Red Oak Drive, Los Angeles, CA 90068, USA
$3,325,000
$652/SF
Building Size
5,100 SF
Asset Type
Industrial
Closing
Aug 6, 2020
AI
Located in the Los Feliz neighborhood, the single-family residence at 5500 Red Oak Drive recently changed hands in a closed transaction. The property features 5,100 square feet of space, offering ample room for the new owners. The sale price for this SFR was recorded at $3,325,000, translating to a price per square foot of $652. The deal was facilitated by the agents Stefan Pommepuy and Jonathan Broberg from The Agency, who represented the buyer Ji Lee and worked with the sellers Monica Rosenblum and Alex Rosenblum.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $3,325,000
- Address: 5500 Red Oak Drive, Los Feliz
- Market: Los Feliz
- Buyer: Ji Lee
- Seller: Monica Rosenblum & Alex Rosenblum
- Brokers: Stefan Pommepuy & Jonathan Broberg - The Agency
This successful transaction is the result of the collaboration between the buyer's representative, Stefan Pommepuy, and Jonathan Broberg from The Agency. Their expertise and negotiation skills ensured a smooth and satisfactory deal for all parties involved. The new owner, Ji Lee, can now enjoy the spacious 5,100-square-foot home in the desirable Los Feliz area.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93