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

Property Image
SOLD
$3,600,000
Jonathan Nash
Gary Wolfe
+ 1

California

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Single Family4,021 SF
Sold 08/08/2024
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Property Image
SOLD

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

3848 Fredonia Drive

See Similar Deals
Single Family4,021 SF
Sold 08/08/2024
Jonathan Nash
Gary Wolfe
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$895
Total Square Footage:4,021 SF
Transaction Type:Sale

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
7 deals$167M volume(424) 230-6088
BROKER

Stephen Resnick
Carolwood Estates
5 deals$160.4M volume
BROKER

Gary Wolfe
Sotheby's International Realty
1 deal$3.6M volume(818) 621-0383
BROKER

Trisha Perez
Sotheby's International Realty
1 deal$3.6M volume(805) 304-0814
BROKER

Details

SOLD
IMAGE: Jonathan Nash, Stephen Resnick, Usher, Gary Wolfe & Trisha Perez DATE: 08/08/2024 MARKET: Los Angeles ASSET TYPE: Single Family ~ ACRES: 0.29 SELLER: Usher Raymond IV (@Usher) BUYER'S REP: Jonathan Nash (@JonnyNash1000) & Stephen Resnick (@ResnickandNash) - Carolwood Estates (@CarolwoodRealEstate) SELLER'S REP: Gary Wolfe (@GaryWolferealestate) & Trisha Perez (@TrishaPerezandAssociates) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $3,600,000 SF: 4,021 ~ PPSF: $895 NOTE: Usher sold his Los Angeles home for $3.6 million, a property previously owned by Jared Leto and sisters Cara and Poppy Delevingne. The 1955-built, midcentury home includes features like a studio, art room, and a pool, blending California modern with bohemian and British influences.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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