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16281 Dorilee Lane

Mookie Betts Acquires $15M Encino Estate With 2.15 Acres In Los Angeles
SOLDSingle Family

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:

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

Aaron Kirman

Christie's International Real Estate

Broker

$900.5M

vol

43 deals

Broker

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