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75 Isabella Ave Atherton, C...

2.5-Acre Lot In Atherton Sold For $25M, Set For Development Into Grand Estate Home
SOLDLand

2.5-Acre Lot In Atherton Sold For $25M, Set For Development Into Grand Estate Home

75 Isabella Ave Atherton, Ca 94027, Usa

$25,000,000

Building Size

Asset Type

Land

Closing

May 2, 2023

AI

A 2.5-acre lot located at 75 Isabella Avenue in Atherton, the nation's most expensive zip code, has been sold for $25 million. This transaction marks one of the largest real estate deals in the area. The wooded lot will not be subdivided into smaller lots but will instead be developed into a single grand estate home.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $25,000,000
  • Address: 75 Isabella Avenue
  • Market: Atherton
  • Acres: 2.5

The seller of the property is Mighty Winner Development. The broker representing them in the deal is Michael Repka from DeLeon Realty.

Players

Michael Repka

Broker

$108.8M

vol

4 deals

Broker

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93