Mohamed Hadid Sells Bel-Air SFR On Strada Vecchia Rd. For $5M
901 Strada Vecchia Road, Los Angeles, California 90077, United States
$5,000,000
$166/SF
Building Size
30,000 SF
Asset Type
Single Family Residence
Closing
Dec 22, 2021
AI
The property involved in the transaction is a single-family home situated on 1.2 acres of land at 901 Strada Vecchia Rd. in the Bel-Air market. The property is owned by Mohamed Hadid.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $5,000,000
- Size: 30,000 square feet
- Price per square foot: $166
- Market: Bel-Air
The sale of the property was facilitated by broker Jonathan Nash of Hilton & Hyland. The transaction was completed on 12/22/2021. The sale price of the property was $5 million, which represents a decrease from the initial contract price of $8.5 million in May. The sale was finalized after a lengthy legal process.
Players
Los Angeles 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93