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Compass Brokers Jennifer Okhovat & Benjamin Zarifpour Represent Michael Klein In $2.7M SFR Sale

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SOLD
$2,700,000

California

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Single Family Residence
Sold 02/05/2023
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Property Image
SOLD

Compass Brokers Jennifer Okhovat & Benjamin Zarifpour Represent Michael Klein In $2.7M SFR Sale

3115 Earlmar Drive

See Similar Deals
Single Family Residence
Sold 02/05/2023
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Sale

Located at 3115 Earlmar Drive in the Los Angeles market, this single-family home was recently sold in a closed transaction. The property features a total square footage of 2,530, offering ample space for comfortable living. The transaction was completed on 2nd May 2023, with an asking price of $2,895,000. The final sale price was settled at $2,700,000, resulting in a price per square foot of $1,067.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,700,000
  • Address: 3115 Earlmar Drive, Los Angeles
  • Market: Los Angeles
  • Asset Type: Single-Family Home

The buyer in this transaction was Michael Klein, while the seller was Lois Markowitz. The deal was facilitated by brokers Jennifer Okhovat and Benjamin Zarifpour from Compass. They represented their respective parties and ensured a smooth transaction process.

Players

5 deals$102.7M volume
BUYER

Details

SOLD
IMAGE: Jennifer Okhovat & Benjamin Zarifpour DATE: 02/05/2023 ADDRESS: 3115 Earlmar Drive MARKET: Los Angeles ASSET TYPE: SFR BUYER: Michael Klein SELLER: Lois Markowitz BROKER: Jennifer Okhovat (@JennyOHomes) & Benjamin Zarifpour (@BenZRealtor) - Compass (@Compass) (@CompassCalifornia) ASKING PRICE: $2,895,000 SALE PRICE: $2,700,000 SF: 2530 ~ PPSF: $1,067

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

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53