Mookie Betts Acquires $15M Encino Estate With 2.15 Acres In Los Angeles
16281 Dorilee Lane
$14,950,000
$1,611/SF
Building Size
9,278 SF
Asset Type
Single Family
Closing
Dec 1, 2023
AI
The property in question is a 2.15-acre single-family asset located at 16281 Dorilee Lane in Encino. The transaction involved the sale of a Mediterranean-style mansion covering 9,278 square feet. The property features eight bedrooms, 10.5 bathrooms, and offers stunning views of the San Fernando Valley. The sale price for this estate was $14,950,000, equating to $1,611 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,950,000
- Buyer: Mookie Betts
- Buyer's Representative: Aaron Kirman & Morgan Trent - Christie's International Real Estate AKG
- Seller's Representative: Craig Knizek & Scott Gorelick - The Agency
The deal was facilitated with Mookie Betts acquiring the property from developer Jeff Huberts. The purchase included a spacious property with extensive bedrooms and bathrooms, providing a contemporary living space with spectacular views. Representing Mookie Betts in the transaction were Aaron Kirman and Morgan Trent of Christie's International Real Estate AKG, while Craig Knizek and Scott Gorelick of The Agency represented the seller.
Players
Encino 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93