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3848 Fredonia Drive

Usher Raymond IV Sells Los Angeles Home For $3.6M With Gary Wolfe And Trisha Perez As Reps
SOLDSingle Family

Usher Raymond IV Sells Los Angeles Home For $3.6M With Gary Wolfe And Trisha Perez As Reps

3848 Fredonia Drive

$3,600,000

$895/SF

Building Size

4,021 SF

Asset Type

Single Family

Closing

Aug 8, 2024

AI

The property involved in this transaction is a single-family home located in Los Angeles, covering 0.29 acres. The asset, built in 1955, has a total square footage of 4,021 and was sold for $3,600,000, which translates to $895 per square foot. The home features elements such as a studio, an art room, and a pool, incorporating a blend of California modern design with bohemian and British influences.

Summary of transaction details:

This transaction involved notable individuals in the real estate arena, with Usher Raymond IV selling the property that was previously owned by Jared Leto and sisters Cara and Poppy Delevingne. The representation in this deal saw Jonathan Nash and Stephen Resnick work on behalf of the buyer, while Gary Wolfe and Trisha Perez represented the seller through Sotheby's International Realty.

Players

Jonathan Nash

Carolwood Estates

Broker

$167M

vol

7 deals

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93