facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$9,800,000

California

See Similar Deals
Single Family Residence7,800 SF
Sold 07/27/2023
the dealplayerscompscontact
Property Image
SOLD

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

4120 Cromwell Ave Los Angeles, CA 90027, USA

See Similar Deals
Single Family Residence7,800 SF
Sold 07/27/2023
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,256
Total Square Footage:7,800 SF
Transaction Type:Sale

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
1 deal$9.8M volume(818) 851-2028
BROKER

Bryan Abrams
Sotheby's International Realty
2 deals$13M volume(818) 266-4300
BROKER

Details

SOLD
IMAGE: Benjamin Russell & Bryan Abrams DATE: 07/27/2023 ADDRESS: 4120 Cromwell Avenue MARKET: Los Angeles ASSET TYPE: SFR ~ ACRES: 0.64 BUYER'S REP: Benjamin Russell - Avenue 8 (@Avenue8) SELLER'S REP: Bryan Abrams - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $9,800,000 SF: 7,800 ~ PPSF: $1,256 NOTE: Victor L. Schertzinger's former home sold for $9.8 million as part of a multi-property sale on the Eastside. The six-bedroom Mediterranean house was originally built for him in 1921 and offers 7,800 square feet of floor space.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$522,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00