Updated Dec 21, 2023
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.
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $585 per square foot on a published $5.3M for 8,974 square feet (2021).
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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