Lena Waithe Acquires Studio City SFR From Alesso For $6.4M
Studio City, Los Angeles, CA, USA
$6,400,000
$971/SF
Building Size
6,587 SF
Asset Type
Single Family Residence
Closing
Sep 15, 2021
AI
Lena Waithe has purchased a single-family residence (SFR) in Studio City for a total of $6,400,000. The property spans approximately 6,587 square feet with a price per square foot of $971. The transaction took place on September 15, 2021. The property is located in Studio City, which is known for its vibrant real estate market.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $6,400,000
- Acres: 0.37
Lena Waithe acted as the buyer in this transaction, while Alesso was the seller. The deal was facilitated by a team of brokers including Jason Oppenheim, Emma Hernan, Peter Cornell from The Oppenheim Group, and Daniel Lam from The Agency RE. The involvement of these reputable brokers highlights the importance of experienced professionals in the real estate industry.
Players
Studio City 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93