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2 Oak Knoll Terrace

John Vidalakis Sells Knoll House In Pasadena For $17.5M Under Contract
SOLDSingle Family

John Vidalakis Sells Knoll House In Pasadena For $17.5M Under Contract

2 Oak Knoll Terrace

$17,500,000

$536/SF

Building Size

32,644 SF

Asset Type

Single Family

Closing

Jul 10, 2024

AI

A 1916 Colonial Revival estate in Pasadena, known as Knoll House, has gone under contract for $17.5 million after an auction by Concierge Auctions. The property, sold by philanthropist John Vidalakis, features 12,300 square feet of residential space, seven bedrooms, and extensive amenities including a separate 20,500-square-foot gallery space, theater, and wine cellar.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $17,500,000
  • Address: 2 Oak Knoll Terrace
  • Market: Pasadena
  • Square Footage: 32,644
  • Price Per Square Foot: $536

Josh Flagg from Compass represented the seller John Vidalakis, while Carol Chua & Darrell Done from Coldwell Banker were also involved as the seller's representatives in the deal.

Players

Josh Flagg

Compass

Broker

$190.4M

vol

19 deals

Broker

Pasadena 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93