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Ellen DeGeneres & Portia De Rossi Acquire Montecito SFR For $2.9M

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SOLD
$2,900,000

California

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Single Family1,691 SF
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SOLD

Ellen DeGeneres & Portia De Rossi Acquire Montecito SFR For $2.9M

Montecito, CA, USA

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Single Family1,691 SF
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,715
Total Square Footage:1,691 SF
Transaction Type:Sale

Portia de Rossi and Ellen DeGeneres have recently completed a property transaction in Montecito. The asset involved in this transaction is a single-family home (SFR) with a sale price of $2,900,000. The property spans 1,691 square feet, resulting in a price per square foot (PPSF) of $1,714.

Summary of transaction details:

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $2,900,000
  • Square footage: 1,691 sq ft
  • Price per square foot: $1,714
  • Market: Montecito
  • Buyer: Ellen DeGeneres & Portia de Rossi
  • Brokers: Nancy Kogevinas - Berkshire Hathaway; Riskin Partners Group - Village Properties

This transaction involved notable individuals, namely Ellen DeGeneres and Portia de Rossi. Nancy Kogevinas from Berkshire Hathaway and the Riskin Partners Group from Village Properties acted as brokers in this deal.

Players

9 deals$148.6M volume
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8 deals$178.7M volume
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Details

SOLD
IMAGE: Portia de Rossi & Ellen DeGeneres DATE: 06/01/2021 MARKET: Montecito ASSET TYPE: SFR BUYER: Ellen DeGeneres & Portia de Rossi BROKERS: Nancy Kogevinas - Berkshire Hathaway; Riskin Partners Group - Village Properties SALE PRICE: $2,900,000 SF: 1,691 ~ PPSF: $1,714

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

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75