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
- Property Type: SFR
- Transaction Amount: $13,800,000
- Market: Hancock Park
- Buyer: Mara Brock Akil & Salim Akil
- Seller: Lorenzo Boccetta & Kaya Boucetta
- Brokers: Viktor Aaberg & Fredrik Eklund (Eklund/Gomes Team) - Douglas Elliman; Stephen Sweeney - Oak Brook Realty
- Date: July 20, 2021
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
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