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:
- Property Type: Single Family
- Transaction Amount: $3,600,000
- Square Footage: 4,021
- Price Per Square Foot: $895
- Acres: 0.29
- Seller: Usher Raymond IV
- Buyer's Representative: Jonathan Nash & Stephen Resnick - Carolwood Estates
- Seller's Representative: Gary Wolfe & Trisha Perez - Sotheby's International Realty
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
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