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1709 Rising Glen Rd, Centra...

Trina Venit & Adam Venit Acquire Hollywood Hills SFR For $7.8M
SOLDSingle Family Residence

Trina Venit & Adam Venit Acquire Hollywood Hills SFR For $7.8M

1709 Rising Glen Rd, Central LA, Los Angeles, CA, USA

$7,800,000

$1,289/SF

Building Size

6,051 SF

Asset Type

Single Family Residence

Closing

May 16, 2021

AI

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.

Players

Joshua Altman

Douglas Elliman

Broker

$577M

vol

42 deals

Broker

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

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93