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Studio City, Los Angeles, C...

Anwar Hadid Acquires Studio City SFR From Peter Tangen For $2.5M With Crosby Doe & TJ Paradise As Brokers
SOLDSingle Family

Anwar Hadid Acquires Studio City SFR From Peter Tangen For $2.5M With Crosby Doe & TJ Paradise As Brokers

Studio City, Los Angeles, CA, USA

$2,500,000

$1,744/SF

Building Size

1,433 SF

Asset Type

Single Family

Closing

Jun 17, 2021

AI

Anwar Hadid recently purchased a single-family residence (SFR) in Studio City. The property, which was sold by Peter Tangen, was acquired for a price of $2,500,000. The SFR spans across 1,433 square feet, resulting in a price per square foot (PPSF) of $1,744.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $2,500,000
  • Market: Studio City
  • Date: 06/17/2021

In this transaction, Anwar Hadid acted as the buyer while Peter Tangen served as the seller. The deal was facilitated by Crosby Doe of Crosby Doe Associates and TJ Paradise of Sotheby's International Realty.

Players

Anthony Paradise

Sotheby's International Realty

Broker

$158.5M

vol

7 deals

Broker

Studio City 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93