facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,250,000

California

See Similar Deals
Single Family Residence8,974 SF
Sold 09/02/2021
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Single Family Residence8,974 SF
Sold 09/02/2021
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$585
Total Square Footage:8,974 SF
Transaction Type:Sale

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
61 deals$108.8M volume(424) 704-3373
BROKER

Details

SOLD
IMAGE: Fred Nabati DATE: 09/02/2021 ADDRESS: 2197 Sheringham Ln. MARKET: Bel-Air ASSET TYPE: SFR BUYER: Sourabh Roy SELLER: Voelte Family BROKER: Fred Nabati - Trimax Realty Inc. (@TrimaxLA) SALE PRICE: $5,250,000 SF: 8,974 ~ PPSF: $585 NOTE: Property was in multiple offers with counters out. Property was shown to buyer during these mid-negotiations. Prepared a clean offer that was strong & clean that seller couldn’t refuse and didn’t have to waste time countering back/forth on... the rest is history! It was a smooth transaction and a pleasure working with all parties. 21 years of Experience… Contact Fred Nabati to help with your next transaction (424) 704-3373.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14