Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Single Family
- Transaction Amount: $23,500,000
- Buyer: Mauricio Umansky & Farrah Brittany - The Agency
- Seller: Brock Wylan & Simon James
- Seller's Representative: Derrick J. Smith - Coldwell Banker
- Seller's Representative: Kurt Rappaport & Ruiya Feng - Westside Estate Agency (WEAHomes)
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.
On the Map
$23,500,000
$1,740/SF
Single Family
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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