facebook
Traded Co logo
Submit

Ellen DeGeneres & Portia De Rossi Purchase Montecito SFR For $21M

Property Image
SOLD
$21,000,000
Nancy Kogevinas
ED
PR

California

See Similar Deals
Single Family Residence11,947 SF
Sold 02/28/2022
the dealplayerscompscontact
Property Image
SOLD

Ellen DeGeneres & Portia De Rossi Purchase Montecito SFR For $21M

Montecito Heights, Los Angeles, California, United States

See Similar Deals
Single Family Residence11,947 SF
Sold 02/28/2022
Nancy Kogevinas
ED
PR
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,757
Total Square Footage:11,947 SF
Transaction Type:Sale

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

Nancy Kogevinas
Nancy Kogevinas
9 deals$148.6M volume
BROKER
PR
Portia de Rossi
8 deals$178.7M volume
BROKER
PR
Portia de Rossi
8 deals$178.7M volume
BUYER

Details

SOLD
IMAGE: @PortiadeRossi & Ellen DeGeneres 🤩 DATE: 02/28/2022 MARKET: Montecito ASSET TYPE: SFR ~ ACRES: 2.45 BUYER: Ellen DeGeneres & Portia de Rossi SELLER: Kinka Usher BROKERS: Nancy Kogevinas - Berkshire Hathaway HomeServices California Properties; Riskin Partners Group - Village Properties SALE PRICE: $21,000,000 SF: 11,947 ~ PPSF: $1,757

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56