Updated Dec 4, 2024
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
About this deal
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.
On the Map
$30,000,000
$2,188/SF
Single Family
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Players
San Marino Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $30M for 13,706 square feet (2024).
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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