Updated Sep 9, 2024
Former Waymo CEO John Krafcik Acquires Renovated Santa Monica Compound For $9.6M
Santa Monica
$9,600,000
$2,000/SF
Building Size
4,800 SF
Asset Type
Single Family Residence
Closing
Mar 6, 2023
About this deal
AI
Former Waymo CEO John Krafcik has purchased a renovated midcentury compound in Santa Monica Canyon for $9.6 million. The estate, situated on 0.31 acres, includes a main house, detached art studio, and a garage with a guesthouse. The property boasts modern amenities and high-end finishes, making it an attractive investment in the Santa Monica market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,600,000
- Market: Santa Monica
- Acres: 0.31
The buyer, John Krafcik, acquired the property through the representation of Simon Salloom from Douglas Elliman. The seller's representative, Frank Langen from DPP Real Estate, facilitated the transaction. The sale price of $9.6 million reflects a price per square foot of $2,000 for the 4,800 square foot property.
On the Map
$9,600,000
$2,000/SF
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $9.6M for 4,800 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93