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2662 Santa Maria Road, Topa...

Patricia Hillis Acquires Topanga SFR For $7.3M With Buyer's Rep Cassandra Petersen - Berkshire Hathaway
SOLDSingle Family Residence

Patricia Hillis Acquires Topanga SFR For $7.3M With Buyer's Rep Cassandra Petersen - Berkshire Hathaway

2662 Santa Maria Road, Topanga, CA 90290

$7,300,000

$728/SF

Building Size

10,025 SF

Asset Type

Single Family Residence

Closing

Aug 17, 2021

AI

The recently closed property transaction in Topanga involved the sale of a single-family residence located at 2662 Santa Maria Road. The property, a spacious and well-maintained home, was sold on 08/17/2021. The transaction was facilitated by Nancy Nelms, Jay Kilgore, Drew Snyder, and Greg Holcomb from Snyder Sutton & Compass, who represented the seller. The buyer, Patricia Hillis, was assisted by Cassandra Petersen from Berkshire Hathaway. The property was listed with an asking price of $7,400,000 and was ultimately sold for $7,300,000.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $7,300,000
  • Address: 2662 Santa Maria Road, Topanga
  • Market: Topanga

The successful completion of this transaction not only brought together the buyer and seller but also showcased the expertise of the professionals involved. Patricia Hillis, the buyer, enlisted the services of Cassandra Petersen from Berkshire Hathaway as her representative. On the other side, Nancy Nelms, Jay Kilgore, Drew Snyder, and Greg Holcomb from Snyder Sutton & Compass diligently represented the seller, ensuring a smooth and favorable outcome for their client.

Players

Greg Holcomb

Carolwood Estates

Broker

$46.8M

vol

5 deals

Broker
Compass
CompassBrokerage

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93