Ellen DeGeneres & Portia De Rossi Purchase Montecito SFR For $21M
Montecito Heights, Los Angeles, California, United States
$21,000,000
$1,757/SF
Building Size
11,947 SF
Asset Type
Single Family Residence
Closing
Feb 27, 2022
AI
A 2.45-acre single-family residence in Montecito, California has been sold. The property was purchased by Ellen DeGeneres and Portia de Rossi from Kinka Usher. The transaction took place on February 28, 2022.
Summary of transation details
- Property Type: Single-Family Residence
- Sale Price: $21,000,000
- Square Footage: 11,947
- Price per Square Foot: $1,757
- Buyer: Ellen DeGeneres & Portia de Rossi
- Seller: Kinka Usher
- Brokers: Nancy Kogevinas - Berkshire Hathaway HomeServices California Properties; Riskin Partners Group - Village Properties
The property, which spans over 2.45 acres, was sold for a total of $21,000,000. It offers a living space of 11,947 square feet, resulting in a price per square foot of $1,757. Ellen DeGeneres and Portia de Rossi served as the buyers, while Kinka Usher acted as the seller. The deal was facilitated by Nancy Kogevinas from Berkshire Hathaway HomeServices California Properties and Riskin Partners Group from Village Properties.
Players
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93