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Porter Ranch, California, U...

Ronnie Ortiz-Magro Sells Porter Ranch Single Family Home For $2.6M
SOLDMultiFamily

Ronnie Ortiz-Magro Sells Porter Ranch Single Family Home For $2.6M

Porter Ranch, California, United States

$2,600,000

$520,000/SF

Building Size

5 SF

Asset Type

MultiFamily

Closing

Feb 8, 2023

AI

Ronnie Ortiz-Magro, known for his appearances on reality television, has sold a single family home in Porter Ranch. The property was sold for a price of $2,600,000. With a spacious interior measuring 5,800 square feet, the home boasts a price per square foot of $448. The lot size is 8,712 square feet, resulting in a price per square foot of $298.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,600,000
  • Market: Porter Ranch

The seller, Ronnie Ortiz-Magro, was represented by Shanti Hoffman from Pinnacle Estate Properties. Angel Salvador from The Beverly Hills Estates Inc. acted as the buyer's representative in this deal.

Players

Angel Salvador

The Agency

Broker

$136.2M

vol

6 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93