Finn Wittrock Acquires Silver Lake SFR For $1.8M
Silver Lake, Los Angeles, CA, USA
$1,800,000
$499/SF
Building Size
3,602 SF
Asset Type
Single Family Residence
Closing
Sep 8, 2021
AI
Finn Wittrock has recently acquired a single-family residence (SFR) in Silver Lake. The property spans across 0.72 acres and features a total of 1,535 square feet. The transaction took place on September 8, 2021, with the property being sold for $1,800,000. This equates to a price per square foot of $1,172.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $1,800,000
- Market: Silver Lake
- Total Acres: 0.72
Finn Wittrock acted as the buyer in this transaction. The deal was facilitated by the following brokers: Brian Fitzburgh from Brokers Trust Real Estate Group, as well as Garrett McKechnie and Mia Capanna from Wish Sotheby’s International Realty.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93