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Michael Derenzo Acquires Mar Vista SFR On Lyceum Ave For $1.9M

Property Image
SOLD
$1,900,000
Allie Lutz
MS

California

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Single Family Residence20,000 SF
Sold 06/05/2020
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Property Image
SOLD

Michael Derenzo Acquires Mar Vista SFR On Lyceum Ave For $1.9M

4021 Lyceum Ave, Los Angeles, CA 90066, USA

See Similar Deals
Single Family Residence20,000 SF
Sold 06/05/2020
Allie Lutz
MS
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$95
Total Square Footage:20,000 SF
Transaction Type:Sale

A single-family home located at 4021 Lyceum Ave in Mar Vista has been sold for $1,900,000. The property spans an area of 2,000 square feet, resulting in a price per square foot of $950. The transaction took place on June 5, 2020.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,900,000
  • Square Footage: 2,000
  • Price Per Square Foot: $950
  • Market: Mar Vista

The seller of the property was Arthur K Baxter III, while the buyer was Michael Derenzo. The deal was facilitated by two brokers: Allie Lutz from The Agency and Marc Sinnott from Hancock Homes Realty. The escrow process for the transaction was completed within a period of four days.

Players

Allie Lutz
The Agency
Allie Lutz
4 deals$14.4M volume(424) 230-7614
BROKER
MS
Marc Sinnott
1 deal$1.9M volume(323) 515-2969
BROKER

Details

SOLD
IMAGE: @AllieLutz , Artie Baxter, Michael Derenzo & Marc Sinnott DATE: 06/05/2020 ADDRESS: 4021 Lyceum Ave MARKET: Mar Vista ASSET TYPE: SFR PRICE: $1,900,000 SF: 2,000 PPSF: $950 SELLER: Arthur K Baxter III @Paperclip_Life BUYER: Michael Derenzo BROKERS: @AllieLutz – The Agency & Marc Sinnott – Hancock Homes Realty NOTE: Opened escrow in 4 […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
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