Updated Oct 29, 2024
Justin Upton Acquires SFR In Newport Beach For $4.7M
Newport Beach, CA, USA
$4,726,500
$843/SF
Building Size
5,604 SF
Asset Type
Single Family Residence
Closing
May 4, 2020
About this deal
AI
Justin Upton, the professional baseball player for the Los Angeles Angels, has recently purchased a single-family home in Newport Beach. The property is a spacious SFR with a total area of 5,604 square feet. The transaction took place on 5th May 2020, with Justin Upton acquiring the property for a price of $4,726,500, equating to a price per square foot of $843.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,726,500
- Square Footage: 5,604
- Market: Newport Beach
This purchase marks an intriguing investment for Justin Upton, diversifying his portfolio with a prime asset in the desirable area of Newport Beach. The acquisition demonstrates Upton's continued success both on and off the baseball field, as he strategically expands his real estate holdings.
Players
Newport Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $843 per square foot on a published $4.7M for 5,604 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93