USC Sells San Marino SFR On Oak Grove Ave For $25M With Compass, Douglas Elliman, And Golden Gate Sotheby's International Realty
1550 Oak Grove Avenue, San Marino, CA 91108
$25,000,000
$1,785/SF
Building Size
14,000 SF
Asset Type
Single Family Residence
Closing
Jul 7, 2020
AI
The property at 1550 Oak Grove Avenue in San Marino has been sold. The single-family residence (SFR) was purchased by an undisclosed buyer for a price of $25,000,000. The property spans over 14,000 square feet, equating to a price per square foot of $1,785. The transaction was completed on July 7, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $25,000,000
- Address: 1550 Oak Grove Avenue
- Market: San Marino
The seller of the property was the University of Southern California (USC). The deal was facilitated by multiple brokers, including Brent Chang of Compass, Ernie Carswell and Austin Alfieri of Douglas Elliman, and Richard Williamson of Golden Gate Sotheby’s International Realty.
Players
San Marino Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93