Charles Melton Acquires Silver Lake SFR For $3M With Luisa Ferrante & Tyler Jacobs - Sotheby’s Intl Realty
SOLD
$3,000,000
California
See Similar DealsSingle Family Residence3,602 SF
Sold 10/15/2021
SOLD
Charles Melton Acquires Silver Lake SFR For $3M With Luisa Ferrante & Tyler Jacobs - Sotheby’s Intl Realty
Silver Lake, Los Angeles, CA, USA
See Similar DealsSingle Family Residence3,602 SF
Sold 10/15/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$832
Total Square Footage:3,602 SF
Transaction Type:Sale
Located in the highly sought-after neighborhood of Silver Lake, this single-family residence (SFR) has recently changed hands in a closed transaction. The property encompasses approximately 3,602 square feet and boasts an impressive price per square foot of $832. The sale occurred on October 15, 2021, and the transaction involved actor Charles Melton as the buyer.
Summary of transaction details
- Property Type: SFR
- Sale Price: $3,000,000
- Market: Silver Lake
Assisting Charles Melton in this real estate deal were Luisa Ferrante and Tyler Jacobs from Sotheby’s International Realty, who acted as brokers representing the buyer. Their expertise and guidance ensured a seamless transaction for all parties involved.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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