TechNova Capital CA LLC Acquires Paul McClean-Designed Mansion From LY Holding 26
1432 Tanager Way
$23,700,000
$2,257/SF
Building Size
10,500 SF
Asset Type
Single Family
Closing
Feb 22, 2024
AI
The Paul McClean-designed mansion located at 1432 Tanager Way in Los Angeles' Bird Streets was recently sold for $23.7 million. This 10,500-square-foot estate, built by Bird Street Builders, boasts amenities such as a fitness center and spa. Initially listed for $26 million, the property was sold to TechNova Capital CA LLC.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,700,000
- Market: Los Angeles
- Asset Type: Single Family
- Acres: 0.26
- Buyer: TechNova Capital CA LLC
- Seller: Liron Atia - LY Holding 26
- Buyer's Rep: Helen Chong - Haylen Group
- Seller's Rep: David Parnes - Carolwood Estates; Jack Harris - The Beverly Hills Estates
- SF: 10,500
- PPSF: $2,257
The transaction involved key individuals such as Helen Chong from Haylen Group representing the buyer, TechNova Capital CA LLC, and David Parnes from Carolwood Estates, alongside Jack Harris from The Beverly Hills Estates, representing the seller, Liron Atia of LY Holding 26.
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93