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Los Feliz, Los Angeles, Cal...

Dan Reynolds Acquires Single Family Property In Los Feliz, LA For $5.8M
SOLDSingle Family Residence

Dan Reynolds Acquires Single Family Property In Los Feliz, LA For $5.8M

Los Feliz, Los Angeles, California, United States

$5,800,000

$966,666/SF

Building Size

6 SF

Asset Type

Single Family Residence

Closing

May 11, 2023

AI

Dan Reynolds, the lead singer of Imagine Dragons, has purchased a single-family property in Los Feliz, LA for a total of $5,800,000. The property spans over 6,136 square feet, resulting in a price per square foot of $945. The transaction took place on September 27, 2022.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,800,000
  • Square Footage: 6,136
  • Price Per Square Foot: $945
  • Market: Los Feliz, LA

In this deal, Dan Reynolds was represented by Peter Lorimer from Corcoran Global Living. On the other side, Dorothy Carter and Michael Orland from Douglas Elliman acted as the seller's representatives. It is noteworthy that the property was acquired by Dan Reynolds personally, separate from his professional pursuits in the music industry as the lead singer of Imagine Dragons.

Players

Peter Lorimer

PLG Estates

Broker

$37M

vol

5 deals

Broker

Dan Reynolds

Imagine Dragons

Buyer

$22.5M

vol

2 deals

Buyer

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93