Luke Kennard Acquires Tarzana SFR For $5.5M
SOLD
$5,500,000
+ 1
California
See Similar DealsSingle Family Residence7,015 SF
Sold 11/08/2021
SOLD
Luke Kennard Acquires Tarzana SFR For $5.5M
Single Family Residence7,015 SF
Sold 11/08/2021
+ 1
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$784
Total Square Footage:7,015 SF
Transaction Type:Sale
Luke Kennard, a professional basketball player, recently purchased a single-family home in Tarzana. The property, with a size of 7,015 square feet, was sold for a total of $5,500,000. This equates to a price per square foot of $784.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,500,000
- Market: Tarzana
The buying transaction was facilitated by a team of brokers. Kobi Costa from Compass, Daniel Drantch from Rodeo Realty, and Kevin Stewart & Jon Grauman from Grauman & Rosenfeld Group, representing The Agency, were involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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