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$2.2M Highland Park Single Family Home Purchased In Los Angeles
SOLDSingle Family

$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:

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

Jenifer Ludwick

Pinnacle Estate Properties

Broker

$2.2M

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

7.22%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93