Larry David Acquires Montecito SFR For $5.7M
Montecito, California, United States
$5,700,000
$1,994/SF
Building Size
2,858 SF
Asset Type
Single Family Residence
Closing
Feb 24, 2022
AI
Larry David, known for his role in the television show Curb Your Enthusiasm, has purchased a single-family home in Montecito. The property, located in the upscale market of Montecito, was sold for a total price of $5,700,000. The house spans a total area of 2,858 square feet, resulting in a price per square foot of $1,994.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $5,700,000
- Market: Montecito
- Square Footage: 2,858
- Price per Square Foot: $1,994
This transaction marks an exciting new addition to Larry David's real estate portfolio. As a prominent figure in the entertainment industry, Larry David's acquisition of this property showcases his continued investment in the luxury housing market. With its prime location in Montecito, known for its exquisite homes and beautiful surroundings, this purchase is sure to enhance Larry David's lifestyle.
Players
Santa Barbara 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93