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1741 Correa Way

Brock Wylan & Simon James Sells Single Family Home In Los Angeles For $23.5M
SOLDSingle Family

Brock Wylan & Simon James Sells Single Family Home In Los Angeles For $23.5M

1741 Correa Way

$23,500,000

$1,740/SF

Building Size

13,500 SF

Asset Type

Single Family

Closing

May 22, 2024

AI

An architectural spec home in Brentwood, spanning 13,500 square feet, located at 1741 Correa Way, Los Angeles, was sold for $23.5 million in an all-cash deal. The property embraces warm contemporary architecture and offers an unparalleled lifestyle experience.

Summary of transaction details:

The deal's key individuals included the buyer's representatives Mauricio Umansky and Farrah Brittany from The Agency and the seller's representatives Derrick J. Smith from Coldwell Banker and Kurt Rappaport & Ruiya Feng from Westside Estate Agency. The sale was finalized on May 22, 2024.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93