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118 South La Jolla Avenue

Miranda Otto Sells Single Family Home In Los Angeles To Return To Australia
SOLDSingle Family

Miranda Otto Sells Single Family Home In Los Angeles To Return To Australia

118 South La Jolla Avenue

$2,750,000

$1,227/SF

Building Size

2,241 SF

Asset Type

Single Family

Closing

Feb 26, 2024

AI

The property at 118 South La Jolla Avenue in Los Angeles is a single-family home sold by Miranda Otto for $2,750,000. The Spanish-style residence, built in the 1920s, features three bedrooms, designer interiors, and a private pool in the landscaped backyard. The sale was managed by Clifford Rowe and Pamela Rowe of Compass.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,750,000
  • Square Footage: 2,241
  • Price per Square Foot: $1,227
  • Seller: Miranda Otto
  • Brokers: Clifford Rowe & Pamela Rowe - Compass
  • Market: Los Angeles
  • Note: Miranda Otto sold the property just 10 days after listing, indicating a desire to return to her native Australia.

Clifford Rowe and Pamela Rowe of Compass successfully represented Miranda Otto in swiftly selling her Spanish-style home in Los Angeles. Miranda Otto, known for her roles in "The Lord of the Rings" trilogy and "The Clearing," made the decision to part ways with the property, which quickly found a buyer, allowing her to pursue her plans to return to her home country.

Players

Clifford Rowe

Compass

Broker

$7.1M

vol

2 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93