Joel Madison Acquires Brentwood SFR For $4.4M With Joey Ben-Zvi & Brandon Piller (The BZP Group) - The Agency
SOLD
$4,400,000
California
See Similar DealsSingle Family Residence3,168 SF
Sold 04/27/2022
SOLD
Joel Madison Acquires Brentwood SFR For $4.4M With Joey Ben-Zvi & Brandon Piller (The BZP Group) - The Agency
221 North Saltair Avenue, Los Angeles, California 90049, United States
See Similar DealsSingle Family Residence3,168 SF
Sold 04/27/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,388
Total Square Footage:3,168 SF
Transaction Type:Sale
A single-family home located at 221 N. Saltair Ave. in Brentwood recently sold for $4,400,000. The property spans 3,168 square feet, resulting in a price per square foot of $1,388. The sale took place on 04/27/2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,400,000
- Square Footage: 3,168
- Address: 221 N. Saltair Ave.
- Market: Brentwood
The buyer of the property is Joel Madison. The transaction was facilitated by brokers Joey Ben-Zvi and Brandon Piller from The BZP Group, who represent the buyer. The deal was handled through The Agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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