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Joshua Altman & Tommy Bubonic Of Douglas Elliman Sell Single Family Home In Los Angeles For $36M

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SOLD
$36,000,000

California

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Single Family Residence33,652 SF
Sold 01/07/2025
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Property Image
SOLD

Joshua Altman & Tommy Bubonic Of Douglas Elliman Sell Single Family Home In Los Angeles For $36M

530 South Mapleton Drive

See Similar Deals
Single Family Residence33,652 SF
Sold 01/07/2025
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,069
Total Square Footage:33,652 SF
Transaction Type:Sale

The property involved in this transaction is a single-family residence located at 530 South Mapleton Drive in Los Angeles. The asset encompasses a considerable square footage of 33,652 and was sold for a transaction amount of $36,000,000, resulting in a price per square foot of $1,069.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $36,000,000
  • Address: 530 South Mapleton Drive
  • Market: Los Angeles
  • Square Footage: 33,652
  • Price per Square Foot: $1,069
  • Seller's Representatives: Joshua Altman & Tommy Bubonic - Douglas Elliman

In this transaction, Joshua Altman and Tommy Bubonic represented the seller through their association with Douglas Elliman, facilitating the deal of the significant real estate asset within the competitive Los Angeles market.

Players

Joshua (Josh) Altman
42 deals$577M volume
BROKER

Tommy Bubonic
Douglas Elliman
1 deal$36M volume(310) 819-3250
BROKER

Details

SOLD
IMAGE: Joshua Altman & Tommy Bubonic DATE: 01/07/2025 ADDRESS: 530 South Mapleton Drive MARKET: Los Angeles ASSET TYPE: Single Family SELLER'S REP: Joshua Altman (@TheJoshAltman) & Tommy Bubonic (@TommyBubonic) - Douglas Elliman (@DouglasElliman) SALE PRICE: $36,000,000 SF: 33,652 ~ PPSF: $1,069

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40