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Mohamed Hadid Sells Bel-Air SFR On Strada Vecchia Rd. For $5M

Property Image
SOLD
$5,000,000
Jonathan Nash
MH

California

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Single Family Residence30,000 SF
Sold 12/22/2021
the dealplayerscompscontact
Property Image
SOLD

Mohamed Hadid Sells Bel-Air SFR On Strada Vecchia Rd. For $5M

901 Strada Vecchia Road, Los Angeles, California 90077, United States

See Similar Deals
Single Family Residence30,000 SF
Sold 12/22/2021
Jonathan Nash
MH
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$166
Total Square Footage:30,000 SF
Transaction Type:Sale

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

Jonathan Nash
Carolwood Estates
Jonathan Nash
7 deals$167M volume(424) 230-6088
BROKER
Hilton & Hyland
Hilton & Hyland
BROKERAGE
MH
Mohamed Hadid
2 deals$13.5M volume
SELLER

Details

SOLD
IMAGE: Mohamed Hadid DATE: 12/22/2021 ADDRESS: 901 Strada Vecchia Rd. MARKET: Bel-Air ASSET TYPE: SFR ~ ACRES: 1.2 SELLER: Mohamed Hadid BROKER: Jonathan Nash - Hilton & Hyland SALE PRICE: $5,000,000 📉 SF: 30,000 ~ PPSF: $166 NOTE: After several years, and a lengthy legal process, Mohamed Hadid has officially sold for $5 million, according to real estate agents familiar with the deal per @Forbes. The deal was in contract for $8.5M in May, although the deal fell apart.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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