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1033 Somera Road

Ramtin Ray Nosrati Sells Single Family Home In Los Angeles For $23M
SOLDSingle Family

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:

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

Joshua Altman

Douglas Elliman

Broker

$577M

vol

42 deals

Broker

Los Angeles Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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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