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948 North Orlando Avenue

Morgan Brown & Gerard Butler Sell Single Family Home In West Hollywood For $16.55M With Compass Brokers Alyson Richards & Carl Gambino
SOLDSingle Family

Morgan Brown & Gerard Butler Sell Single Family Home In West Hollywood For $16.55M With Compass Brokers Alyson Richards & Carl Gambino

948 North Orlando Avenue

$16,550,000

$1,743/SF

Building Size

9,495 SF

Asset Type

Single Family

Closing

Nov 15, 2022

AI

The single-family property located at 948 N Orlando Ave in West Hollywood, LA has been sold in a recent transaction. The property spans 9,495 square feet and was sold at a price of $16,550,000, resulting in a price per square foot of $1,743. The property boasts impressive features and is situated in a desirable market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $16,550,000
  • Square Footage: 9,495
  • Price Per Square Foot: $1,743
  • Address: 948 N Orlando Ave, West Hollywood, LA

The sellers of the property are Morgan Brown and Gerard Butler. They were represented in the deal by Alyson Richards and Carl Gambino from Compass. The involvement of these experienced brokers ensured a smooth transaction and successful outcome for all parties involved.

Players

Carl Gambino

Compass

Broker

$479.8M

vol

38 deals

Broker

Morgan Brown

Seller

$34.1M

vol

3 deals

Seller

West Hollywood 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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93