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Studio City, California, Un...

Mike Majlak Acquires SFR In Studio City For $4.1M
SOLDSingle Family Residence

Mike Majlak Acquires SFR In Studio City For $4.1M

Studio City, California, United States

$4,125,000

$1,356/SF

Building Size

3,041 SF

Asset Type

Single Family Residence

Closing

Jun 13, 2022

AI

In a recent transaction in Studio City, a single-family home was sold for a price of $4,125,000. The property spans across 3,041 square feet, resulting in a price per square foot of $1,356. This transaction took place on June 13, 2022.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $4,125,000
  • Square Footage: 3,041
  • Price per Square Foot: $1,356
  • Date: June 13, 2022
  • Market: Studio City

The buyer of this property was Mike Majlak, known for his show "The Mike Majlak Show". The deal was facilitated by brokers David Parnes and James Harris from The Agency, Christina Collins from Hilton & Hyland, and Jesse Lally and Michelle Saniei Lally from The Beverly Hills Estates.

Players

David Parnes

Carolwood Estates

Broker

$502.2M

vol

26 deals

Broker

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

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93