Updated Dec 4, 2024
John Sykes Acquires Unique Santa Monica House At Discounted Price
$7,850,000
$2,001/SF
Building Size
3,922 SF
Asset Type
Single Family
Closing
Oct 25, 2023
About this deal
AI
Entertainment executive John Sykes has acquired a unique 1941-built house in Santa Monica's prestigious neighborhood for $7.9 million. The property, with panoramic views, sold last fall for $9 million, reappeared at $9.5 million, and Sykes secured it at a discounted price.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,850,000
- Location: Santa Monica
- Asset Type: Single Family
- Size: 3,922 square feet
- Price per Square Foot: $2,002
- Buyer: John Sykes
- Brokers: Frank Langen & Tara Rodgers - Compass
John Sykes, an entertainment executive, has acquired a unique 1941-built house located in Santa Monica's prestigious neighborhood. The property offers panoramic views and was sold for a discounted price of $7.9 million. The transaction took place last fall, with the property initially selling for $9 million. It later re-entered the market at $9.5 million before Sykes secured it at the lower price. Representing the buyer in the deal were brokers Frank Langen and Tara Rodgers of Compass.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $2K per square foot on a published $7.9M for 3,922 square feet (2023).
Visit Frank Langen to view all their deals.
Browse California single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93