Mike Majlak Acquires SFR In Studio City For $4.1M
SOLD
$4,125,000
+ 2
California
See Similar DealsSingle Family Residence3,041 SF
Sold 06/13/2022
SOLD
Mike Majlak Acquires SFR In Studio City For $4.1M
Studio City, California, United States
See Similar DealsSingle Family Residence3,041 SF
Sold 06/13/2022
+ 2
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,356
Total Square Footage:3,041 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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