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1963 Mandeville Canyon Road

Zen Gesner Sells Harry Gesner-Designed A-Frame Home In Los Angeles For $3.86M
SOLDSingle Family

Zen Gesner Sells Harry Gesner-Designed A-Frame Home In Los Angeles For $3.86M

1963 Mandeville Canyon Road

$3,863,000

$1,417/SF

Building Size

2,726 SF

Asset Type

Single Family

Closing

Nov 3, 2023

AI

The Stebel House in Los Angeles, a midcentury gem designed by Harry Gesner, has been sold after just over a week on the market. The 1961 residence, known for its unique A-frame design, dramatic interior, and original features, quickly went into contingent sale status and received multiple offers over asking, appealing to a diverse group of buyers. The property, located at 1963 Mandeville Canyon Road, is a single-family home sitting on 0.49 acres of land. The sale price for the 2,726 square foot house was $3,863,000, resulting in a price per square foot of $1,417.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,863,000
  • Address: 1963 Mandeville Canyon Road, Los Angeles
  • Market: Los Angeles
  • Size: 2,726 square feet
  • Acres: 0.49
  • Seller: Zen Gesner
  • Buyer's Representative: Emil Alexander Schneeman - Berkshire Hathaway HomeService California Properties
  • Seller's Representative: J. Todd Michaud - Keller Williams Hollywood Hills

The deal was facilitated by Emil Alexander Schneeman of Berkshire Hathaway HomeService California Properties, who represented the buyer, and J. Todd Michaud of Keller Williams Hollywood Hills, who represented the seller, Zen Gesner.

Players

Joseph Todd Michaud

Keller Williams Realty

Broker

$3.9M

vol

1 deal

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

4.11%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93