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5500 Red Oak Drive, Los Ang...

Ji Lee Acquires 5,100 SF SFR In Los Feliz For $3,325,000
SOLDIndustrial

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

Stefan Pommepuy

The Agency

Broker

$29.5M

vol

2 deals

Broker

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