$2.2M Highland Park Single Family Home Purchased In Los Angeles
Los Angeles
$2,198,000
$773/SF
Building Size
2,842 SF
Asset Type
Single Family
Closing
Apr 3, 2023
AI
The property involved in the transaction is a single family home located at 668 Burwood Terrace in Los Angeles. The sale price was $2,198,000, with a total square footage of 2,842 and a price per square foot of $773. The lot size measures 5,558 square feet, resulting in a price per lot square foot of $395.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $2,198,000
- Square Footage: 2,842
- Price Per Square Foot: $773
- Lot Size: 5,558
- Price Per Lot Square Foot: $395
- Buyer's Representative: Jenifer Ludwick & Julie Lomakka - Pinnacle Estate Properties, Inc.
- Seller's Representative: Elijah Shin & Stephanie Hahm - Dream Realty Asset Mgt, Inc.
The representatives involved in the transaction include Jenifer Ludwick and Julie Lomakka, who represented the buyer through Pinnacle Estate Properties, Inc. On the seller's side, Elijah Shin and Stephanie Hahm represented the seller under Dream Realty Asset Mgt, Inc. Notably, Highland Park has seen significant changes, evolving from a gang-infested neighborhood into a sought-after area with increasing home values.
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
7.22%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93