David Kalt Acquires Montecito SFR From Natalie Portman & Benjamin Millepied For $8M
SOLD
$8,000,000
California
See Similar DealsSingle Family Residence4,326 SF
Sold 02/03/2022
SOLD
David Kalt Acquires Montecito SFR From Natalie Portman & Benjamin Millepied For $8M
Montecito, California, United States
See Similar DealsSingle Family Residence4,326 SF
Sold 02/03/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,849
Total Square Footage:4,326 SF
Transaction Type:Sale
In a recent property transaction in Montecito, a stunning single-family residence was sold. The property, spread across 10.4 acres, boasts a spacious living area of 3,991 square feet.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $8,000,000
- Acres: 10.4
The buyer of this impressive property is David Kalt, while Natalie Portman and Benjamin Millepied served as the sellers. The sale of this residence marks an important transaction in the Montecito market.
With its expansive land and generous square footage, this property offers a remarkable living experience. The sale, which took place on February 3, 2022, reflects the desirability and value of properties in Montecito.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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