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Montecito, California, Unit...

David Kalt Acquires Montecito SFR From Natalie Portman & Benjamin Millepied For $8M
SOLDSingle Family Residence

David Kalt Acquires Montecito SFR From Natalie Portman & Benjamin Millepied For $8M

Montecito, California, United States

$8,000,000

$1,849/SF

Building Size

4,326 SF

Asset Type

Single Family Residence

Closing

Feb 2, 2022

AI

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.

Players

Nancy Kogevinas

Broker

$148.6M

vol

9 deals

Broker

Santa Barbara 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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93