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15438 Mulholland Drive

Randall Emmett Sells Los Angeles Home For $4.35M With David Kessler As Seller's Rep
SOLDSingle Family

Randall Emmett Sells Los Angeles Home For $4.35M With David Kessler As Seller's Rep

15438 Mulholland Drive

$4,350,000

$1,017/SF

Building Size

4,276 SF

Asset Type

Single Family

Closing

Sep 11, 2024

AI

A 4,276-square-foot single-family home located at 15438 Mulholland Drive in Los Angeles has been sold for $4.35 million. The property, set on 0.6 acres, features amenities such as a pool and a pickleball court, along with views of Mulholland Drive. It was initially listed for $6.2 million in 2022.

Summary of transaction details:

The transaction involved Randall Emmett as the seller, with Edward Fitz and Fred Dapp from The Agency representing the buyer, a retired businessman. David Kessler from Coldwell Banker represented the seller in the deal.

Players

Fred Dapp

The Agency

Broker

$7.5M

vol

2 deals

Broker

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

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93