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
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