Updated Jun 4, 2025
Steve Savitsky Of Ground Control Sells Venice Compound At 1209 And 1215 Appleton Way For $13.5M
1215 Appleton Way
$13,500,000
Building Size
—
Asset Type
Single Family
Closing
Jun 3, 2025
About this deal
AI
A Venice compound at 1209 and 1215 Appleton Way has gone into contract for $13.5 million. The property spans 22,000 square feet and includes two estates, featuring a main home that exceeds 6,500 square feet, which is equipped with a screening room and sports court.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,500,000
- Address: 1209 & 1215 Appleton Way
- Market: Venice
- Seller: Steve Savitsky - Ground Control
- Broker Representatives: Elisa Crispi & Tracey Becker - Compass
The transaction showcases the involvement of entertainment business manager Steve Savitsky as the property owner and the collaboration of brokers Elisa Crispi and Tracey Becker from Compass, responsible for representing the sale of the property.
On the Map
$13,500,000
Single Family
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Players
Venice 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93