Matthew Neman Acquires SFR In West Hollywood For $5M With Buyer's Rep Melanie Haschek & Seller's Rep Bryce Pennel
1406 Belfast Drive, Los Angeles, California 90069, United States
$5,000,000
$1,807/SF
Building Size
2,767 SF
Asset Type
Single Family Residence
Closing
Feb 22, 2022
AI
The property involved in this transaction is a single-family home located at 1406 Belfast Drive in West Hollywood. The sale took place on 02/23/2022. The property spans 2,767 square feet and has a per square foot price of $1,807. The transaction was facilitated by Compass with Bryce Pennel representing the seller, Beth Redmond, and Melanie Haschek representing the buyer, Matthew Neman.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,000,000
- Buyer: Matthew Neman
- Seller: Beth Redmond
- Buyer's Representative: Melanie Haschek - Compass
- Seller's Representative: Bryce Pennel - Compass
Matthew Neman, the buyer in this transaction, was represented by Melanie Haschek from Compass. Bryce Pennel, also from Compass, represented the seller, Beth Redmond. This successful sale demonstrates the expertise and dedication of the buyer's and seller's representatives in brokering the deal.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93