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4021 Lyceum Ave, Los Angele...

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

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

4021 Lyceum Ave, Los Angeles, CA 90066, USA

$1,900,000

$95/SF

Building Size

20,000 SF

Asset Type

Single Family Residence

Closing

Jun 4, 2020

AI

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

Broker

$14.4M

vol

4 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93