R2 Westlake Development LLC Sells SFR In Westlake Village To Unnamed Buyer For $54M
2000 Upper Ranch Rd, Westlake Village, CA, USA
$54,000,000
$888/SF
Building Size
60,789 SF
Asset Type
Single Family Residence
Closing
Jul 16, 2021
AI
The sale of a single-family residence took place at 2000 Upper Ranch Rd in Westlake Village. The property was sold for a staggering price of $54,000,000, setting new records for price per square foot in Westlake Village and Ventura County. The transaction occurred on July 16, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $54,000,000
- Address: 2000 Upper Ranch Rd
- Market: Westlake Village
The seller in this deal was Ron Sentchuk, representing R2 Westlake Development LLC. The brokerage services were provided by Jordan Cohen.
It's worth noting that the sale of the property occurred in multiple phases. The first phase, consisting of 30,547 square feet, is already sold out, as well as the second phase, comprising 30,242 square feet. The sale shattered price per square foot records in both Westlake Village and Ventura County. The third phase of this development is set to be announced in the near future.
Westlake Village 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93