Updated Oct 29, 2024
Jennifer And Steven Walske Of Myriad Investments Acquire Belvedere Lagoon Home For $9.977M
72 Lagoon Road
$9,977,000
$2,170/SF
Building Size
4,596 SF
Asset Type
Single Family Residence
Closing
May 15, 2023
About this deal
AI
A custom-renovated single-family residence located at 72 Lagoon Road in Belvedere has been sold for $9,977,000. The property spans approximately 4,596 square feet and was snatched up by Jennifer Walske and Steven Walske of Myriad Investments. Jennifer Walske is a professor at the UC-Berkeley Haas School of Business.
Summary of transaction details
- Property Type: Single Family Residence
- Transaction Amount: $9,977,000
- Address: 72 Lagoon Road
- Market: Belvedere
The transaction was facilitated by several brokers. Bill Bullock from Sotheby's International Realty, Magdalena Sarkissian from Sotheby's International Realty, Shana Rohde-Lynch from Compass, and Lydia Sarkissian from Sotheby's International Realty were all involved in the deal.
It is worth noting that this sale occurred within just three days of the property being listed, showcasing optimism for the luxury market in the Bay Area. The buyer, Steven Walske, who is the managing director of Myriad Investments, and his wife Jennifer wasted no time in acquiring this stunning property.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $10M for 4,596 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93