Drew Fenton Of Carolwood Estates Represents Buyer In $12.48M Land Sale In Los Angeles
344 Copa De Oro Road
$12,484,380
Building Size
—
Asset Type
Land
Closing
Dec 6, 2024
AI
A 0.94-acre lot located at 344 Copa De Oro Road in Lower Bel-Air has been sold for $12.48 million. This property provides an opportunity to build a custom luxury home, with all utilities already in place.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $12,484,380
- Address: 344 Copa De Oro Road
- Market: Los Angeles
- Acres: 0.94
- Buyer's Representative: Drew Fenton - Carolwood Estates
- Seller's Representative: Aaron Kirman - Christie's International Real Estate
Representatives Drew Fenton and Aaron Kirman played key roles in this transaction, with Fenton representing the buyer through Carolwood Estates and Kirman representing the seller via Christie's International Real Estate.
Players
Los Angeles Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93