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
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.
Players
West Hollywood Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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