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Sherman Oaks

Joe Walsh Acquires Upgraded Sherman Oaks Bungalow For $2.3M
SOLDSingle Family

Joe Walsh Acquires Upgraded Sherman Oaks Bungalow For $2.3M

Sherman Oaks

$2,345,000

$958/SF

Building Size

2,446 SF

Asset Type

Single Family

Closing

Mar 28, 2023

AI

Guitarist Joe Walsh has purchased an upgraded Sherman Oaks bungalow for $2.3 million in a recent sale transaction. The single-family property spans 2,446 square feet and is situated on a 9,120 square foot lot. The sale price per square foot is $959, while the price per lot square foot is $257. The bungalow boasts luxurious amenities, including a gourmet kitchen, convertible family room, and an octagonal swimming pool. The property provides a private and well-manicured environment for its residents.

Summary of transaction details:

  • Property Type: Single Family
  • Sale Price: $2,345,000
  • Square Footage: 2,446 sqft
  • Price per Square Foot: $959
  • Lot Square Footage: 9,120 sqft
  • Price per Lot Square Foot: $257

Joe Walsh, the buyer, acquired the property for his stepson, Christian Quilici. Representing Joe Walsh in the deal were Susan L. Andrews and Justin Roberts from Compass. Idan Gould and Jonathan Butler from Douglas Elliman acted as the seller's representatives. This transaction highlights the collaboration between the various parties involved to successfully close the sale.

Players

Susan Andrews

Compass

Broker

$7.3M

vol

2 deals

Broker

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

6.76%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93