Stephen & Nancy Cooper - Warner Music Group Acquire Pasadena SFR From Anthony & Ann Russo For $6.3M
$6,300,000
$736/SF
Building Size
8,559 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2021
AI
A single-family home located in Pasadena has been sold for $6,300,000. The property spans 8,559 square feet, resulting in a price per square foot of $736. The transaction took place on June 30, 2021, and the buyer was Stephen & Nancy Cooper from Warner Music Group. The sellers were Anthony & Ann Russo. The sale was facilitated by brokers Holly Purcell and Scott Lyle from Compass, as well as Crosby Doe from Crosby Doe Associates.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $6,300,000
- Market: Pasadena
- Buyer: Stephen & Nancy Cooper - Warner Music Group
- Seller: Anthony & Ann Russo
- Brokers: Holly Purcell & Scott Lyle - Compass, Crosby Doe - Crosby Doe Associates
- Square Footage: 8,559
- Price Per Square Foot: $736
The sale of this property was completed through the collaboration of key individuals and companies. Stephen & Nancy Cooper, representing Warner Music Group, purchased the house from Anthony & Ann Russo. The transaction was facilitated by brokers Holly Purcell and Scott Lyle from Compass, as well as Crosby Doe from Crosby Doe Associates.
Players
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93