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414 South Cliffwood Avenue

Sean Kia Of Tides Equities Sells Brentwood Estate For $22.3 Million With Representation By The Agency
SOLDSingle Family

Sean Kia Of Tides Equities Sells Brentwood Estate For $22.3 Million With Representation By The Agency

414 South Cliffwood Avenue

$22,300,000

$2,301/SF

Building Size

9,690 SF

Asset Type

Single Family

Closing

Feb 18, 2025

AI

A single-family home located at 414 South Cliffwood Avenue in Los Angeles was sold for $22.3 million. The property has a total of 9,690 square feet, translating to a price per square foot of $2,301.

Summary of transaction details:

Sean Kia, co-founder of Tides Equities, recently sold the renovated Brentwood estate after purchasing it for $14.5 million in 2023. His firm is currently involved in multiple lawsuits related to loan defaults, including a notable $32 million recourse claim from Electra Capital concerning Texas apartment properties.

Players

Mauricio Umansky

The Agency

Broker

$301.4M

vol

17 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93