Ramtin Ray Nosrati Sells Single Family Home In Los Angeles For $23M
1033 Somera Road
$23,000,000
Building Size
—
Asset Type
Single Family
Closing
Apr 24, 2024
AI
The property at 1033 Somera Road in Los Angeles was sold in a closed transaction. The single-family asset was listed by seller Ramtin Ray Nosrati. Representing the seller were Nicole Plaxen from The Beverly Hills Estates and Josh Altman from Douglas Elliman. The property had an asking price of $23,495,000 and was successfully sold for $23,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,000,000
- Address: 1033 Somera Road
- Market: Los Angeles
- Seller: Ramtin Ray Nosrati
- Seller's Reps: Nicole Plaxen - The Beverly Hills Estates, Josh Altman - Douglas Elliman
- Asking Price: $23,495,000
Nicole Plaxen and Josh Altman played crucial roles in the successful sale of the property at 1033 Somera Road. They effectively represented the seller, Ramtin Ray Nosrati, ensuring a smooth transaction process. Their expertise and negotiation skills were instrumental in finalizing the deal.
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93