Updated Dec 22, 2023
Woodland Hills SFR Sold For $2.725M By Derrick J. Smith - Compass
21610 Medina Estates Drive, Woodland Hills, CA, USA
$2,725,000
$378/SF
Building Size
7,200 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2021
About this deal
AI
Derrick J. Smith from LiveLuxuryLA facilitated the sale of a single-family residence (SFR) in Woodland Hills at 21610 Medina Estates Drive. The property encompasses 7,200 square feet and was sold for $2,725,000, resulting in a price per square foot (PPSF) of $378. This off-market sale was directly negotiated with the sellers, achieving a price $375,000 below the original asking price.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,725,000
- Address: 21610 Medina Estates Drive
- Market: Woodland Hills
Derrick J. Smith, representing LiveLuxuryLA - Compass, played a pivotal role as the broker in this transaction. With his expertise, he successfully facilitated the negotiation between the sellers and buyers, resulting in a significant discount from the original asking price.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $378 per square foot on a published $2.7M for 7,200 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93