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Sherri Chung Acquires Stylish Ranch Home In Hollywood Hills For $3.3M

Property Image
SOLD
$3,320,000
Andrea Korchek
Daniel Jacobson
Brian Veasman

California

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Single Family Residence2,284 SF
Sold 06/12/2023
the dealplayerscompscontact
Property Image
SOLD

Sherri Chung Acquires Stylish Ranch Home In Hollywood Hills For $3.3M

Hollywood Hills

See Similar Deals
Single Family Residence2,284 SF
Sold 06/12/2023
Andrea Korchek
Daniel Jacobson
Brian Veasman
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,453
Total Square Footage:2,284 SF
Transaction Type:Sale

Sherri Chung, composer known for her work on "Riverdale," has purchased a stylish ranch home in the Hollywood Hills for over $3.3 million. The midcentury-modern house, located on a 0.39-acre lot, has been renovated and features four bedrooms, five baths, a pool, spa, and outdoor entertainment area.

Summary of transaction details

Andrea Korchek from The Agency represented Sherri Chung in this transaction. The deal was facilitated by Daniel Jacobson and Brian Veasman from Compass, who acted as the seller's representatives.

Players

Daniel Jacobson
Compass
Daniel Jacobson
3 deals$68.4M volume
BROKER
Andrea Korchek
The Agency
Andrea Korchek
2 deals$7.3M volume
BROKER
Brian Veasman
Compass
Brian Veasman
1 deal$3.3M volume(818) 439-5068
BROKER

Details

SOLD
IMAGE: Sherri Chung DATE: 06/12/2023 MARKET: Hollywood Hills, Los Angeles ASSET TYPE: Single Family ~ ACRES: 0.39 BUYER: Sherri Chung (@SherriChung) BUYER'S REP: Andrea Korchek (@AndreaKorchek) - The Agency (@TheAgencyRE) SELLER'S REP: Daniel Jacobson (@Daniel__Jacobson) & Brian Veasman (@BrianVeasman)- Compass (@Compass) (@CompassCalifornia) SALE PRICE: $3,320,000 SF: 2,284 ~ PPSF: $1,454 NOTE: Composer Sherri Chung, known for her work on "Riverdale," has bought a stylish ranch home in the Hollywood Hills for over $3.3 million. The renovated midcentury-modern house features four bedrooms, five baths, a pool, spa, and outdoor entertainment area.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$177,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,795.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,738.49
Annual Debt Service$188,861.93