Updated Dec 4, 2024
Roy Bank & Brinah Milstein Acquire Single Family Home In Los Angeles For $8.4M
12305 5th Helena Drive
$8,400,000
$3,201/SF
Building Size
2,624 SF
Asset Type
Single Family
Closing
Sep 22, 2023
About this deal
AI
The property involved in this transaction is a single-family home located in Los Angeles. The sale took place on 09/22/2023, with Brinah Milstein and Roy Bank as the buyers. The property was sold for a price of $8,400,000. It has a total area of 2,624 square feet, with a price per square foot of $3,201.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,400,000
- Market: Los Angeles
- Buyer: Roy Bank & Brinah Milstein
Brinah Milstein, the owner of Marilyn Monroe's former house, is joining it with her adjacent mansion to create a larger estate. There is ongoing debate about preserving Monroe's iconic home, with Milstein potentially reconsidering demolition plans.
Players
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93