Updated Oct 28, 2024
Wei Chen Acquires Single Family Home In Los Altos, CA For $19M
27470 Black Mountain Road, Los Altos Hills, California 94022, United States
$19,000,000
$2,121/SF
Building Size
8,958 SF
Asset Type
Single Family Residence
Closing
Jun 9, 2022
About this deal
AI
The recent closed property transaction in Los Altos, CA involved a single-family home located at 27470 Black Mountain Rd. The property spans an impressive 8,958 square feet and was sold for a total price of $19,000,000. This equates to a per square foot price of $2,121, showcasing the desirability and value of the asset.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $19,000,000
- Square Footage: 8,958
- Price per Square Foot: $2,121
- Address: 27470 Black Mountain Rd, Los Altos, CA
- Market: Los Altos, CA
The buyer in this transaction was Wei Chen, while the sellers were Melissa El Miligy Overbeek and El Miligy Overbeek. It is important to highlight the expertise and representation of Wei Chen's broker in this deal as well.
On the Map
$19,000,000
$2,121/SF
Single Family Residence
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Players
Los Altos Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $19M for 8,958 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93