Paul Klein - LANY Acquires Single Family Property In Hollywood Hills For $3.7M
Hollywood Hills, Los Angeles, California, United States
$3,700,000
$1,850,000/SF
Building Size
2 SF
Asset Type
Single Family Residence
Closing
Jan 25, 2023
AI
Located in Hollywood Hills, this single family property sits on a 0.2 acre lot. The transaction took place on January 25, 2023, with a sale price of $3,700,000. The property measures 2,623 square feet, resulting in a price per square foot of $1,411.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,700,000
- Market: Hollywood Hills
- Property Size: 0.2 acres
Paul Klein, the frontman of LANY, served as the buyer in this transaction. Represented by Jose Prats from ACME Real Estate, Klein successfully acquired the property. On the other side, Michael A Bocchini from Rodeo Realty acted as the seller's representative.
Players
Los Angeles 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93