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
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