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Neil Jacobson's Hallwood Media Acquires Sunset Strip SFR From Sam & Lara Worthington

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SOLD
$8,200,000

California

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Single Family Residence6,288 SF
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SOLD

Neil Jacobson's Hallwood Media Acquires Sunset Strip SFR From Sam & Lara Worthington

1387 N Doheny Dr, Los Angeles, CA, USA

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Single Family Residence6,288 SF
Sold
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1304
Total Square Footage:6288 SF
Transaction Type:Sale

The property involved in this transaction is a single-family residence (SFR) located at 1387 N. Doheny Dr. in the Sunset Strip market. The property has a total square footage of 6,288 and was sold for a price of $8,200,000, resulting in a price per square foot (PPSF) of $1,304.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $8,200,000
  • Address: 1387 N. Doheny Dr.
  • Market: Sunset Strip

The buyer in this transaction is Neil Jacobson, representing Hallwood Media. The seller is Sam & Lara Worthington. The deal was facilitated by two brokers, Jonathan Ruiz from The Agency and Mick Partridge from Hilton & Hyland.

Players

Mick Partridge
7 deals$212.2M volume
BROKER

Jonathan Ruiz
The Agency
1 deal$8.2M volume
BROKER

Hilton & Hyland
BROKERAGE

Details

SOLD
IMAGE: Jonathan Ruiz, Neil Jacobson, Sam Worthington & Mick Partridge DATE: 05/21/2021 ADDRESS: 1387 N. Doheny Dr. MARKET: Sunset Strip ASSET TYPE: SFR BUYER: Neil Jacobson - Hallwood Media SELLER: Sam & Lara Worthington BROKERS: Jonathan Ruiz - The Agency; Mick Partridge - Hilton & Hyland SALE PRICE: $8,200,000 SF: 6,288 ~ PPSF: $1,304

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$437,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20