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Christopher Hopper buys Ven...

Christopher Hopper Acquires Venice Single Family Home For $6.7M
SOLDSingle Family Residence

Christopher Hopper Acquires Venice Single Family Home For $6.7M

$6,744,000

$1,401/SF

Building Size

4,811 SF

Asset Type

Single Family Residence

Closing

May 12, 2023

AI

Christopher Hopper, co-founder of Aurora Solar, has purchased a custom architectural-style home in Venice, Los Angeles for $6.7 million. The property is located in the Venice market and sits on approximately 0.12 acres of land. It features four bedrooms, high ceilings, and a backyard with a pool. Additionally, the property offers amenities such as a movie theater and gym.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $6,744,000
  • Square Footage: 4,811 SF
  • Price per Square Foot: $1,402

The buyer, Christopher Hopper, represented Aurora Solar in this transaction. The deal was facilitated by Emma Russell and Tamra (Tami) Pardee from Pardee Properties, as well as Sandro Dazzan from The Agency.

Players

Tamra Pardee

Pardee Properties

Broker

$25.6M

vol

5 deals

Broker

Market 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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93