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1410 Tanager WayLos Angeles...

Jeffrey Huang Acquires $25M Single Family Home On Tanager Way In Los Angeles
SOLDSingle Family

Jeffrey Huang Acquires $25M Single Family Home On Tanager Way In Los Angeles

1410 Tanager WayLos Angeles, CA 90069, USA

$25,000,000

$1,785/SF

Building Size

14,000 SF

Asset Type

Single Family

Closing

Jun 12, 2023

AI

Hankey Capital, led by Chairman Don Hankey, sold the 14,000-square-foot mansion at 1410 Tanager Way in Los Angeles' Bird Streets neighborhood for $25 million. The home, designed for entertainment and purchased out of foreclosure in 2019, features luxurious amenities such as a pool, spa, gym, and lounging deck.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $25,000,000
  • Square Footage: 14,000
  • Price per Square Foot: $1,786
  • Address: 1410 Tanager Way
  • Market: Los Angeles

The sale of the mansion at 1410 Tanager Way was brokered by Michael Chen from AKG Christie’s International Real Estate, representing the buyer Jeffrey Huang, and Tyrone McKillen from Plus Real Estate, Branden & Rayni Williams from The Beverly Hills Estates, representing the seller Hankey Capital.

Players

Branden Williams

The Beverly Hills Estates

Broker

$1.2B

vol

49 deals

Broker
Official
OfficialBrokerage
Don Hankey

Don Hankey

Seller

$143.5M

vol

5 deals

Seller

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93