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2197 Sheringham Lane, Bel A...

Updated Dec 21, 2023

Sourabh Roy Acquires Bel-Air SFR For $5.25M From Seller Voelte Family
SOLDSingle Family Residence

Sourabh Roy Acquires Bel-Air SFR For $5.25M From Seller Voelte Family

2197 Sheringham Lane, Bel Air, Los Angeles, CA, USA

$5,250,000

$585/SF

Building Size

8,974 SF

Asset Type

Single Family Residence

Closing

Sep 2, 2021

About this deal

AI

Located in the prestigious neighborhood of Bel-Air, this single-family residence at 2197 Sheringham Ln. recently changed hands in a successful transaction. The property, captured beautifully in an image by Fred Nabati, offers a spacious living area with a total square footage of 8,974. The market value of this SFR was listed at $5,250,000, resulting in a price per square foot of approximately $585.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $5,250,000
  • Address: 2197 Sheringham Ln.
  • Market: Bel-Air
  • Square Footage: 8,974

Leading the deal was buyer Sourabh Roy, who successfully negotiated the purchase of this exceptional property. The seller, Voelte Family, entrusted the transaction to the expertise of Fred Nabati from Trimax Realty Inc. With 21 years of experience, Fred Nabati provided invaluable guidance and support throughout the smooth transaction.

The property attracted significant interest, resulting in multiple offers and counteroffers. However, with the assistance of Fred Nabati, Sourabh Roy was able to present a strong and clean offer that resonated with the seller. As a result, there was no need for extensive back-and-forth negotiations. The collaboration among all parties involved made the transaction a pleasure for everyone.

For any future real estate transactions, Fred Nabati of Trimax Realty Inc. can be contacted at (424) 704-3373.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

Sourabh Roy bought a home in Los Angeles for $5.3M in 2021. The full closing is on this page.

About $585 per square foot on a published $5.3M for 8,974 square feet (2021).

Visit Fred Nabati to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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