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Brentwood

Vasilis Bacolitsas Acquires Traditional Mansion In Brentwood For $17.5M
SOLDSingle Family Residence

Vasilis Bacolitsas Acquires Traditional Mansion In Brentwood For $17.5M

Brentwood

$17,500,000

$1,864/SF

Building Size

9,385 SF

Asset Type

Single Family Residence

Closing

May 12, 2023

AI

Greek shipping executive Vasilis Bacolitsas and his wife Sophia Nikolaidou have purchased a traditional mansion in Brentwood, Los Angeles, for $17.5 million. The extensively renovated three-level home, originally built in 1986 and spanning over 9,300 square feet, features six bedrooms and eight bathrooms.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $17,500,000
  • Market: Brentwood
  • Asset Type: Single Family
  • Acres: 0.45

The buyer of the property is Vasilis Bacolitsas and Sophia Bacolitsas, while the seller is James Gordon and Andrea Gordon. The sale price of the mansion was $17.5 million, with a size of 9,385 square feet and a price per square foot of $1,865.

Players

James Gordon

Seller

$24.9M

vol

3 deals

Seller

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93