Anwar Hadid Acquires Studio City SFR From Peter Tangen For $2.5M With Crosby Doe & TJ Paradise As Brokers
SOLD
$2,500,000
California
See Similar DealsSingle Family1,433 SF
Sold 06/17/2021
SOLD
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
See Similar DealsSingle Family1,433 SF
Sold 06/17/2021
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,744
Total Square Footage:1,433 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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