Hamed Mogharebi Sells Single Family Home In Newport Coast For $14.5 Million
SOLD
$14,500,000
California
See Similar DealsSingle Family9,100 SF
Sold 12/04/2023
SOLD
Hamed Mogharebi Sells Single Family Home In Newport Coast For $14.5 Million
15 Rim Ridge
See Similar DealsSingle Family9,100 SF
Sold 12/04/2023
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,593
Total Square Footage:9,100 SF
Transaction Type:Sale
The property is a single-family home located at 15 Rim Ridge in Newport Coast. The transaction occurred for a sale price of $14,500,000, encompassing a total square footage of 9,100, which translates to a price per square foot of $1,593.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,500,000
- Address: 15 Rim Ridge
- Market: Newport Coast
- Square Footage: 9,100
- Price Per Square Foot: $1,593
- Seller: Hamed Mogharebi
- Seller's Representative: Jonathan Mogharrabi & Marci Kays - Carolwood Estates
The representatives for the seller in this transaction were Jonathan Mogharrabi and Marci Kays, affiliated with Carolwood Estates. They played a crucial role in facilitating the sale for the seller, Hamed Mogharebi.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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