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Encino, California, United ...

Michael B. Jordan Acquires Encino SFR For $12.5M With Buyer's Rep Dennis Chernov
SOLDSingle Family Residence

Michael B. Jordan Acquires Encino SFR For $12.5M With Buyer's Rep Dennis Chernov

Encino, California, United States

$12,500,000

$1,016/SF

Building Size

12,300 SF

Asset Type

Single Family Residence

Closing

May 25, 2022

AI

Michael B. Jordan, known for his roles in movies like "Black Panther," recently purchased a single-family residence (SFR) in Encino. The property spans approximately 0.5 acres and boasts a total area of 12,300 square feet. The transaction took place on May 25, 2022, with a sale price of $12,500,000. The price per square foot (PPSF) comes out to $1,016.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $12,500,000
  • Market: Encino
  • Acres: 0.5

In this deal, Michael B. Jordan served as the buyer. He made the purchase through his social media account, @blackpanther. The transaction was facilitated by broker Dennis Chernov from The Agency, as Michael B. Jordan's representative.

Players

Dennis Chernov

The Agency

Broker

$92.9M

vol

12 deals

Broker

Michael B. Jordan

Buyer

$19.5M

vol

2 deals

Buyer

Encino 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93