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

Property Image
SOLD
$23,500,000
Farrah Brittany
Ruiya Feng
+ 2

California

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Single Family13,500 SF
Sold 05/22/2024
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SOLD

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

1741 Correa Way

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Single Family13,500 SF
Sold 05/22/2024
Farrah Brittany
Ruiya Feng
+ 2
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,740
Total Square Footage:13,500 SF
Transaction Type:Sale

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
58 deals$2.1B volume
BROKER

Ruiya Feng
Westside Estate Agency
4 deals$69.6M volume
BROKER

Farrah Brittany
The Agency
8 deals$126M volume
BROKER

Mauricio Umansky
The Agency
17 deals$301.4M volume
BROKER

Derrick J. Smith
Coldwell Banker
13 deals$58.1M volume(310) 801-1087
BROKER

Details

SOLD
IMAGE: Derrick J. Smith, Kurt Rappaport, Ruiya Feng, Mauricio Umansky & Farrah Brittany DATE: 05/22/2024 ADDRESS: 1741 Correa Way MARKET: Los Angeles ASSET TYPE: Single Family SELLER: Brock Wylan & Simon James (@WylanJames) BUYER'S REP: Mauricio Umansky (@MUmansky18) & Farrah Brittany (@FarrahBritt) - The Agency (@TheAgencyRE) SELLER'S REP: Derrick J. Smith (@LiveLuxuryLA) - Coldwell Banker (@ColdwellBanker); Kurt Rappaport (@Kurt_Rappaport) & Ruiya Feng (@Rui.Estate) - Westside Estate Agency (WEAHomes) SALE PRICE: $23,500,000 SF: 13,500 ~ PPSF: $1,741 NOTE FROM SELLER'S REP: An architectural spec home in Brentwood, spanning 13,500 square feet fetched $23.5 million in a recent all-cash deal. Sold by developers Wylan/James, the property was represented by Derrick J. Smith of Coldwell Banker Realty and Kurt Rappaport and Ruiya Feng of Westside Estate Agency, while the buyer was represented by Mauricio Umansky and Farrah Brittany of The Agency. This light-filled estate embraces the appreciation of warm contemporary architecture, while offering an unparalleled lifestyle experience.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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