Updated Sep 9, 2024
Bret Michaels Acquires $5.47M Vacation Home In Westlake Village, Los Angeles
Westlake Village, Los Angeles
$5,471,000
$1,000/SF
Building Size
5,471 SF
Asset Type
Single Family Residence
Closing
May 8, 2023
About this deal
AI
Bret Michaels, lead singer of Poison, has purchased a $5.47 million vacation home in Westlake Village, Los Angeles. The single-family property is situated on a spacious 1.02-acre lot and offers a variety of luxurious amenities. Some of the notable features include a wine room, pool, spa, basketball court, and outdoor kitchen. This acquisition adds to Michaels' real estate portfolio, as he already owned a mansion in the same gated community.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,471,000
- Property Size: 5,471 square feet
- Price per Square Foot: $1,000
- Address: 1781 Miller Ranch Drive, Westlake Village
- Market: Westlake Village
Jordan Cohen of RE/MAX served as Bret Michaels' broker in this transaction. The purchase was made in cash, following a successful stadium tour. Michaels' acquisition of this stunning vacation home highlights his continued success in the music industry and his investment in prime real estate properties.
On the Map
$5,471,000
$1,000/SF
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1K per square foot on a published $5.5M for 5,471 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93