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
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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