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Hancock Park, Los Angeles, ...

Mara Brock Akil & Salim Akil Acquire Hancock Park SFR For $13.8M
SOLDMultiFamily

Mara Brock Akil & Salim Akil Acquire Hancock Park SFR For $13.8M

Hancock Park, Los Angeles, CA, USA

$13,800,000

$1,427/SF

Building Size

9,670 SF

Asset Type

MultiFamily

Closing

Jul 20, 2020

AI

A single-family residence (SFR) located in Hancock Park has recently been sold for a total of $13,800,000. The property spans approximately 9,670 square feet, resulting in a price per square foot (PPSF) of $1,427. The sale of this property took place on July 20, 2021.

Summary of transaction details

The buyer of the property is Mara Brock Akil and Salim Akil, while the sellers are Lorenzo Boccetta and Kaya Boucetta. The transaction was facilitated by brokers Viktor Aaberg and Fredrik Eklund from the Eklund/Gomes Team at Douglas Elliman, along with Stephen Sweeney from Oak Brook Realty. These individuals and companies played key roles in the successful completion of the deal.

Players

Fredrik Eklund

Douglas Elliman

Broker

$771.5M

vol

27 deals

Broker
Hilton & Hyland
Hilton & HylandBrokerage

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93