Daisy Fuentes & Richard Marx Acquire Hidden Hills SFR For $9M
SOLD
$9,000,000
California
See Similar DealsSingle Family Residence8,848 SF
Sold 05/09/2021
SOLD
Daisy Fuentes & Richard Marx Acquire Hidden Hills SFR For $9M
5781 Penland Rd, Hidden Hills, CA, USA
See Similar DealsSingle Family Residence8,848 SF
Sold 05/09/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,017
Total Square Footage:8,848 SF
Transaction Type:Sale
Located at 5781 Penland Rd. in Hidden Hills, this single-family home (SFR) was recently sold in a closed transaction. The property boasts a spacious 8,848 square feet and was sold for a total price of $9,000,000, equating to approximately $1,017 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,000,000
The buyers of this property were Daisy Fuentes and Richard Marx. Representing the buyers in this deal were Marc Shevin from Berkshire Hathaway HomeServices California Properties, John Galich from Sotheby's International Realty, and Leah Lail from Coldwell Banker. Their expertise and guidance played a crucial role in facilitating a successful transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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