David Dollinger Acquires Bel-Air SFR For $29M
SOLD
$29,000,000
California
See Similar DealsSingle Family Residence61,855 SF
Sold 01/21/2019
SOLD
David Dollinger Acquires Bel-Air SFR For $29M
778 Sarbonne Road, Los Angeles, CA 90077, USA
See Similar DealsSingle Family Residence61,855 SF
Sold 01/21/2019
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$468
Total Square Footage:61,855 SF
Transaction Type:Sale
A single-family residence located at 778 Sarbonne Road in Bel-Air has been sold for a staggering price of $29,000,000. The property, spanning across 1.42 acres and offering 61,855 square feet of living space, was acquired by David Dollinger.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $29,000,000
- Market: Bel-Air
Dollinger purchased the property from Robert H. Blumenfield. The transaction was facilitated by Kim Pollard from Jenro Realty Company and Branden Williams from HiltonAndHyland.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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