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Tarzana

Terance Mann Acquires Modern Farmhouse-style Mansion In Tarzana For $4.8M
SOLDSingle Family Residence

Terance Mann Acquires Modern Farmhouse-style Mansion In Tarzana For $4.8M

Tarzana

$4,750,000

$756/SF

Building Size

6,282 SF

Asset Type

Single Family Residence

Closing

Jun 30, 2023

AI

Los Angeles Clippers player Terance Mann has purchased a modern farmhouse-style mansion in Tarzana for $4.8 million. The newly built property boasts an impressive array of features, including six bedrooms, a movie theater, wet bar, and a spacious backyard. The backyard is equipped with an infinity-edge pool, a spa, and a sport court, offering plenty of recreational opportunities. Situated on a 0.44-acre lot, this single-family residence spans 6,282 square feet. With a price per square foot of $756, this property presents a great investment opportunity in the Tarzana market.

Summary of Transaction Details

In this high-profile real estate transaction, Terance Mann enlisted the services of Rod Watson from Distinct Concierge Real Estate as his representative. On the other side of the deal, Dennis Chernov, representing The Agency, negotiated on behalf of the seller. This purchase not only showcases Mann's interest in luxury properties but also demonstrates his investment in the Tarzana market.

Players

Dennis Chernov

The Agency

Broker

$92.9M

vol

12 deals

Broker

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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93