Updated Dec 18, 2023
Austin Erlich Acquires Hollywood Hills SFR From Heidi Geier For $2.65M
2444 Carman Crest Drive, Central LA, Los Angeles, CA, USA
$2,650,000
$1,311/SF
Building Size
2,020 SF
Asset Type
Single Family Residence
Closing
Aug 12, 2021
About this deal
AI
A single-family residential property located at 2444 Carman Crest Drive in Hollywood Hills has been recently sold. The property, spanning 2,020 square feet, was sold for a price of $2,650,000. The sale price equates to a price per square foot of $1,311. The transaction took place on 08/12/2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,650,000
- Market: Hollywood Hills
- Buyer: Austin Erlich
- Seller: Heidi Geier
- Broker: Levon Arzumanyan - NextHome Luxe Group
The buyer, Austin Erlich, acquired the property from the seller, Heidi Geier. The transaction was facilitated by Levon Arzumanyan from NextHome Luxe Group, who represented the parties involved in the deal.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $2.7M for 2,020 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93