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Jeremi Gorman Acquires Hermosa Beach SFR For $15.8M

Property Image
SOLD
$15,800,000
Bill Nagy
Courtney Lingle

California

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Single Family Residence6,392 SF
Sold
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Property Image
SOLD

Jeremi Gorman Acquires Hermosa Beach SFR For $15.8M

2805 Tennyson Pl, Hermosa Beach, CA, USA

See Similar Deals
Single Family Residence6,392 SF
Sold
Bill Nagy
Courtney Lingle
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2471
Total Square Footage:6392 SF
Transaction Type:Sale

A single-family residence located at 2805 Tennyson Pl. in Hermosa Beach has recently been sold for a total of $15,800,000. The property spans 6,392 square feet, resulting in a price per square foot of $2,471.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $15,800,000
  • Address: 2805 Tennyson Pl.
  • Market: Hermosa Beach

Jeremi Gorman served as the buyer in this transaction, while Eric Choi acted as the seller. The deal was facilitated by Courtney Lingle of The Agency and Bill Nagy of Home Smart Realty Group, representing the buyer and seller respectively.

Players

Courtney Lingle
The Agency
Courtney Lingle
2 deals$18.6M volume
BROKER
Bill Nagy
HomeSmart Realty Group
Bill Nagy
1 deal$15.8M volume
BROKER

Details

SOLD
IMAGE: Courtney Lingle & Jeremi Gorman DATE: 02/03/2021 ADDRESS: 2805 Tennyson Pl. MARKET: Hermosa Beach ASSET TYPE: SFR BUYER: Jeremi Gorman SELLER: Eric Choi BROKERS: Courtney Lingle - The Agency; Bill Nagy - Home Smart Realty Group SALE PRICE: $15,800,000 SF: 6,392 ~ PPSF: $2,471

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$842,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,134.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,900.06
Annual Debt Service$898,800.73