Hamed Mogharebi Sells Single Family Home In Newport Coast For $14.5 Million
15 Rim Ridge
$14,500,000
$1,593/SF
Building Size
9,100 SF
Asset Type
Single Family
Closing
Dec 4, 2023
AI
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.
Players
Newport Coast 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93