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Drew Fenton Of Carolwood Estates Represents Buyer In $12.48M Land Sale In Los Angeles

Property Image
SOLD
$12,484,380
Drew Fenton
Aaron Kirman

California

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Land
Sold 12/06/2024
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Property Image
SOLD

Drew Fenton Of Carolwood Estates Represents Buyer In $12.48M Land Sale In Los Angeles

344 Copa De Oro Road

See Similar Deals
Land
Sold 12/06/2024
Drew Fenton
Aaron Kirman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Land
Transaction Type:Sale

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:

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

Aaron Kirman
Christie's International Real Estate
Aaron Kirman
43 deals$900.5M volume(310) 994-9512
BROKER
Drew Fenton
Carolwood Estates
Drew Fenton
36 deals$1.3B volume
BROKER

Details

SOLD
IMAGE: Drew Fenton & Aaron Kirman DATE: 12/06/2024 ADDRESS: 344 Copa De Oro Road MARKET: Los Angeles ASSET TYPE: Land ~ ACRES: 0.94 BUYER'S REP: Drew Fenton (@Drew.Fenton) - Carolwood Estates (@CarolwoodRealEstate) SELLER'S REP: Aaron Kirman (@AaronKirman) - Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $12,484,380 NOTE: A 0.94-acre lot at 344 Copa De Oro Road in Lower Bel-Air sold for $12.48 million. Represented by Drew Fenton of Carolwood Estates and Aaron Kirman of Christie's International Real Estate, the property offers a rare opportunity to build a custom luxury home with all utilities in place.

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

$665,833.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,354.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,182.33
Annual Debt Service$710,187.97