Updated Sep 9, 2024
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
About this deal
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.
On the Map
$9,800,000
$1,256/SF
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.3K per square foot on a published $9.8M for 7,800 square feet (2023).
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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