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12985 Galewood Street

Updated Dec 4, 2024

David Burd Acquires Former Kenny G Studio City Estate For $6.3M
SOLDSingle Family

David Burd Acquires Former Kenny G Studio City Estate For $6.3M

12985 Galewood Street

$6,300,000

$1,113/SF

Building Size

5,660 SF

Asset Type

Single Family

Closing

Dec 15, 2023

About this deal

AI

The property at 12985 Galewood Street in Studio City, spanning 0.51 acres, was recently sold for $6,300,000. The single-family home boasts 5,660 square feet of living space, equating to a price per square foot of $1,113. The serene estate includes modern amenities, 5 bedrooms, lush outdoor areas, a lap pool, and a guest apartment, perched on a high knoll within a secluded neighborhood.

Summary of transaction details:

David Burd, also known as Lil Dicky, acquired the former estate of Kenny G in Studio City. Represented by Jacqueline Cahen of Compass, Burd purchased the property for $6.3 million, a serene haven featuring 5 bedrooms, modern amenities, and ample outdoor spaces inclusive of a lap pool and a guest apartment situated atop a high knoll within a tranquil, secluded neighborhood.

Players

H. Blair Chang

The Agency

Broker

$186.7M

vol

7 deals

Broker

Studio City Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

David Burd bought a home in Studio City for $6.3M in 2023. The full closing is on this page.

About $1.1K per square foot on a published $6.3M for 5,660 square feet (2023).

Visit H. Blair Chang to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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