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1100 Oak Grove Avenue

Brent Chang Sells San Marino Mansion To Nicholas Borrelli For $30M
SOLDSingle Family

Brent Chang Sells San Marino Mansion To Nicholas Borrelli For $30M

1100 Oak Grove Avenue

$30,000,000

$2,188/SF

Building Size

13,706 SF

Asset Type

Single Family

Closing

Jun 5, 2024

AI

The property involved in the transaction is a Single Family home located at 1100 Oak Grove Avenue in San Marino. The estate sits on a vast 5.44-acre land, offering a grand total of 13,706 square feet of living space. The impressive mansion comprises nine bedrooms and 15 bathrooms, making it a luxurious residence. The sale price for this exceptional property was $30,000,000, amounting to $2,189 per square foot.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $30,000,000
  • Address: 1100 Oak Grove Avenue
  • Market: San Marino
  • Square Footage: 13,706
  • Buyer's Representative: Nicholas Borrelli - Coldwell Banker George Realty
  • Seller's Representative: Brent Chang - Compass

Nicholas Borrelli from Coldwell Banker George Realty represented the buyer in this significant transaction, while Brent Chang from Compass represented the seller. The sale of this neoclassical mansion, formerly owned by CIA Director John McCone, marked a historic moment in San Marino's real estate market history. The property, which exceeded expectations by selling for $7.5 million above the asking price, has a rich history of hosting prominent U.S. politicians and international dignitaries.

Players

Brent Chang

Compass

Broker

$55M

vol

2 deals

Broker

San Marino 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93