Bret Michaels Sells Calabasas Home For $6.25M With Jordan Cohen - RE/MAX ONE As The Broker
Calabasas
$6,250,000
$1,050/SF
Building Size
5,950 SF
Asset Type
Single Family Residence
Closing
Jun 6, 2023
AI
Bret Michaels has recently sold his 5,950-square-foot property in Calabasas, Los Angeles for a lucrative deal of $6.25 million. This single-family home, located on a spacious 0.54-acre lot, offers breathtaking views and a range of luxurious amenities. With a custom pool, spa, gazebo, billiards room, and gym, this property provides a perfect blend of comfort and entertainment for its fortunate new owners.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,250,000
- Market: Calabasas
- Size: 5,950 square feet
- Price per Square Foot: $1,050
The successful sale was facilitated by Jordan Cohen from RE/MAX ONE, representing Bret Michaels in the transaction. Cohen's expertise in the Calabasas market and negotiation skills undoubtedly played a significant role in achieving this favorable outcome for Michaels. Overall, the sale of Bret Michaels' Calabasas home marks a milestone in his real estate portfolio and reinforces the desirability and value of properties in this coveted Los Angeles neighborhood.
Calabasas Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93