Frank Binder Acquires $30M Single Family Home On Electra Court In Hollywood Hills
SOLD
$30,000,000
California
See Similar DealsSingle Family Residence9,204 SF
Sold 11/27/2018
SOLD
Frank Binder Acquires $30M Single Family Home On Electra Court In Hollywood Hills
1 Electra Court, Central LA, Los Angeles, CA, USA
See Similar DealsSingle Family Residence9,204 SF
Sold 11/27/2018
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,259
Total Square Footage:9,204 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family property located at 1 Electra Court in Hollywood Hills. The property encompasses a total area of 9,204 square feet, with a sale price of $30,000,000, resulting in a price per square foot of $3,259.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Address: 1 Electra Court
- Market: Hollywood Hills
- Square Footage: 9,204
- Price per Square Foot: $3,259
- Buyer: Frank Binder
Frank Binder is noted as the buyer in this transaction, while Alexandra Schuck represents him as the broker for this deal. Frank Binder and Alexandra Schuck were involved in the successful closure of this property transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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