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4120 Cromwell Ave Los Angel...

Benjamin Russell Acquires Victor L. Schertzinger's Former Home For $9.8M In Multi-Property Sale
SOLDSingle Family Residence

Benjamin Russell Acquires Victor L. Schertzinger's Former Home For $9.8M In Multi-Property Sale

4120 Cromwell Ave Los Angeles, CA 90027, USA

$9,800,000

$1,256/SF

Building Size

7,800 SF

Asset Type

Single Family Residence

Closing

Jul 27, 2023

AI

The former home of Victor L. Schertzinger has been sold in a multi-property sale on the Eastside of Los Angeles. The Mediterranean-style house, originally built for Schertzinger in 1921, offers 7,800 square feet of floor space and features six bedrooms. The property, located at 4120 Cromwell Avenue, was sold for a total price of $9.8 million, making it a significant transaction in the local real estate market.

Summary of transation details

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $9,800,000
  • Address: 4120 Cromwell Avenue
  • Market: Los Angeles
  • Size: 0.64 acres

In this deal, Benjamin Russell from Avenue 8 represented the buyer, while Bryan Abrams from Sotheby's International Realty represented the seller. Their expertise and negotiation skills played a significant role in the successful completion of the transaction.

It is worth noting that this property holds historical significance, as it was once the home of Victor L. Schertzinger. With its spacious floor plan and six bedrooms, the Mediterranean-style house offers a unique blend of character and modern amenities. The sale of this remarkable property reflects the strong demand for luxury homes in the Eastside area of Los Angeles.

Players

Benjamin Russell

Avenue 8

Broker

$9.8M

vol

1 deal

Broker

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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93