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1550 Oak Grove Avenue, San ...

USC Sells San Marino SFR On Oak Grove Ave For $25M With Compass, Douglas Elliman, And Golden Gate Sotheby's International Realty
SOLDSingle Family Residence

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

Ernie Carswell

Douglas Elliman

Broker

$121.3M

vol

10 deals

Broker

San Marino 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93