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Michael Chow Acquires SFR From Katy Perry For $9.4M With Brokers Ernie Carswell & Christopher Pickett, Jacob Greene, The Altman Brothers

Property Image
SOLD
$9,404,000
Ernie Carswell
Christopher Pickett
Jacob Greene
+ 1

California

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Single Family Residence233 SF
Sold 03/04/2019
the dealplayerscompscontact
Property Image
SOLD

Michael Chow Acquires SFR From Katy Perry For $9.4M With Brokers Ernie Carswell & Christopher Pickett, Jacob Greene, The Altman Brothers

Los Angeles Street

See Similar Deals
Single Family Residence233 SF
Sold 03/04/2019
Ernie Carswell
Christopher Pickett
Jacob Greene
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$40,360
Total Square Footage:233 SF
Transaction Type:Sale

Katy Perry has sold her SFR property for a staggering $9,404,000. The property spans over 2.33 acres, offering ample space for potential development or personal enjoyment. The transaction took place on 03/04/2019, marking a significant step in the real estate market.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,404,000
  • Size: 2.33 acres

The buyer of this remarkable property is Michael Chow, known as @MrChow on Instagram. Meanwhile, Katy Perry, the renowned singer and songwriter, acted as the seller in this transaction. The deal was facilitated by Ernie Carswell and Christopher Pickett, representing the buyer's interests, along with Jacob Greene and The Altman Brothers from Douglas Elliman, who represented the seller.

Players

Jacob Greene
Douglas Elliman
Jacob Greene
14 deals$194.9M volume
BROKER
Christopher Pickett
Douglas Elliman
Christopher Pickett
4 deals$34.8M volume
BROKER
Ernie Carswell
Douglas Elliman
Ernie Carswell
10 deals$121.3M volume
BROKER
KP
Katy Perry
2 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: Katy Perry, Jacob Greene, Josh & Matthew Altman and Michael Chow DATE: 03/04/2019 ASSET TYPE: SFR BUYER: Michael Chow @MrChow SELLER: @KatyPerry BROKERS: Ernie Carswell & Christopher Pickett, Jacob Greene, The Altman Brothers @DouglasElliman PRICE: $9,404,000 SF: 2.33 acres

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

$501,546.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,410.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,579.76
Annual Debt Service$534,957.09