Larry David Acquires Montecito SFR For $5.7M
SOLD
$5,700,000
California
See Similar DealsSingle Family Residence2,858 SF
Sold 02/24/2022
SOLD
Larry David Acquires Montecito SFR For $5.7M
Montecito, California, United States
See Similar DealsSingle Family Residence2,858 SF
Sold 02/24/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,994
Total Square Footage:2,858 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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