Updated Oct 29, 2024
Jesse Powell's Kraken Bitcoin Exchange Buys Mansion In Mandeville Canyon For $11.5M
2184 Mandeville Canyon Road, Los Angeles, CA 90049, USA
$11,500,000
$1,224/SF
Building Size
9,393 SF
Asset Type
Other
Closing
Dec 25, 2018
About this deal
AI
The Mandarin Canyon mansion located at 2184 Mandeville Canyon Rd in LA was recently sold for $11,500,000. This grand property spans over 9,393 square feet, offering a spacious living area for its new owner. With a price per square foot of $1,224, this mansion exemplifies luxury and elegance.
Summary of transaction details
- Property Type: Mansion
- Transaction Amount: $11,500,000
- Address: 2184 Mandeville Canyon Rd
- Market: Mandeville Canyon
- City: LA
The buyer of the property is Jesse Powell, known as the representative of Kraken Bitcoin Exchange. The deal was facilitated by brokers Santiago Arana from The Agency RE and Aaron Kirman from Compass California. Together, they ensured a smooth transaction for the buyer and seller, providing their expertise and negotiation skills.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93