Mike Nieg Acquires Mt. Olympus SFR For $8.7M With Keller Williams Hollywood Hills Brokers
SOLD
California
See Similar DealsSingle Family Residence6,135 SF
Sold
SOLD
Mike Nieg Acquires Mt. Olympus SFR For $8.7M With Keller Williams Hollywood Hills Brokers
2301 Hercules Drive, Los Angeles, California 90046, United States
See Similar DealsSingle Family Residence6,135 SF
Sold
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,418
Total Square Footage:6,135 SF
Transaction Type:Sale
A single-family residence located at 2301 Hercules Dr. in the Mt. Olympus market has been sold for a price of $8,700,000. The property measures approximately 6,135 square feet, resulting in a price per square foot of $1,418.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,700,000
The buyer in this transaction is Mike Nieg. The brokers involved in the deal are Monika Lis, Iwona "Ivy" Lis, and Bijan Saadati, representing Keller Williams Hollywood Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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