Trina Venit & Adam Venit Acquire Hollywood Hills SFR For $7.8M
SOLD
$7,800,000
+ 1
California
See Similar DealsSingle Family Residence6,051 SF
Sold 05/17/2021
SOLD
Trina Venit & Adam Venit Acquire Hollywood Hills SFR For $7.8M
1709 Rising Glen Rd, Central LA, Los Angeles, CA, USA
See Similar DealsSingle Family Residence6,051 SF
Sold 05/17/2021
+ 1
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,289
Total Square Footage:6,051 SF
Transaction Type:Sale
The recently closed property transaction in Hollywood Hills involved the sale of a single-family residence located at 1709 Rising Glen Rd. With a total square footage of 6,051, this property was sold for a price of $7,800,000, resulting in a price per square foot of $1,289. The sale was completed on 05/17/2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,800,000
- Address: 1709 Rising Glen Rd
- Market: Hollywood Hills
The buyer of the property was Trina Venit & Adam Venit. On the other hand, the seller was Nick Gross. The sale was facilitated by the following brokers: Branden & Rayni Williams from The Beverly Hills Estates, and Josh Altman & Sam Collins from Douglas Elliman. These individuals played a crucial role in ensuring the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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