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Travis VanderZanden Acquires Santa Monica Mansion For $8.1M

Property Image
SOLD
$8,100,000
Robert Morton
Alphonso Lascano
F. Ron Smith
+ 8

California

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Industrial38,099 SF
Sold 11/30/2018
the dealplayerscompscontact
Property Image
SOLD

Travis VanderZanden Acquires Santa Monica Mansion For $8.1M

Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA & Santa Monica, CA, USA

See Similar Deals
Industrial38,099 SF
Sold 11/30/2018
Robert Morton
Alphonso Lascano
F. Ron Smith
+ 8
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$212
Total Square Footage:38,099 SF
Transaction Type:Sale

A mansion in Santa Monica has been sold for a whopping price of $8,100,000 to Travis VanderZanden, the owner of Bird, a popular electric scooter sharing company. The mansion, with a size of 7,800+ square feet, is located in the city of LA.

Summary of transaction details

  • Property Type: Mansion
  • Transaction Amount: $8,100,000
  • Market: Santa Monica
  • City: LA

Travis VanderZanden, the founder of Bird, has acquired this spectacular mansion in Santa Monica. With its spacious 7,800+ square feet, the property offers a luxurious living space that is sure to impress. The deal was finalized on November 30, 2018, marking a significant transaction in the real estate market of Santa Monica.

Players

Bjorn Farrugia
Hilton & Hyland
Bjorn Farrugia
6 deals$73.7M volume(310) 998-7175
BROKER
Matthew (Matt) Altman
Douglas Elliman
Matthew Altman
34 deals$512.6M volume(323) 791-9398
BROKER
Joshua (Josh) Altman
Douglas Elliman
Joshua Altman
42 deals$577M volume
BROKER
Kurt Rappaport
Westside Estate Agency
Kurt Rappaport
57 deals$2.1B volume
BROKER
Carl Gambino
Compass
Carl Gambino
38 deals$479.8M volume
BROKER
David Berg
Compass
David Berg
9 deals$119.5M volume(310) 500-3931
BROKER
Jessica Schrobilgen
Berkshire Hathaway HomeServices
Jessica Schrobilgen
1 deal$8.1M volume
BROKER
F. Ron Smith
Compass
F. Ron Smith
10 deals$128.5M volume
BROKER
Robert Morton
Compass
Robert Morton
2 deals$19.5M volume
BROKER
Alphonso Lascano
Hilton & Hyland
Alphonso Lascano
3 deals$23.2M volume
BROKER
TV
Travis VanderZanden
4 deals$62.6M volume
BUYER

Details

SOLD
IMAGE: Travis VanderZanden DATE: 30/11/2018 MARKET: Santa Monica CITY: LA ASSET TYPE: Mansion BUYER: Travis VanderZanden @Bird PRICE: $8,100,000 SF: 7,800+

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$432,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59