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
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.
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
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93