Updated Dec 21, 2023
Enzo Ricciardelli Acquires West Hollywood Hills SFR From Angelique Magrum
8967 Shoreham Drive, West Hollywood, CA 90069, USA
$4,180,000
$1,045/SF
Building Size
4,000 SF
Asset Type
Single Family Residence
Closing
Apr 11, 2019
About this deal
AI
A single-family home located at 8967 Shoreham Dr in West Hollywood Hills has been sold for $4.18 million. The property spans 4,000 square feet and was sold at a price of $1,045 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4.18M
- Address: 8967 Shoreham Dr
- Market: West Hollywood Hills
The buyer of the property is Enzo Ricciardelli, while the seller is Angelique Magrum. The deal was facilitated by Allie Lutz-Rosenberger from the broker's side. Notably, the property attracted interest and opened escrow just three days after being listed on the market.
It's worth mentioning that the property has a history of being leased by various celebrities, including Justin Bieber. Additionally, the seller, Angelique Magrum, is a co-owner of the popular "Beach Bunny Swimwear" line. The new owner of the property will soon make it available for lease.
On the Map
$4,180,000
$1,045/SF
Single Family Residence
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Players
West Hollywood Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $4.2M for 4,000 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.79%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93