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
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