Larry David Acquires Montecito Single Family For $7.6M With Buyer's Rep Nancy Kogevinas & Cristal Clarke - Berkshire Hathaway
$7,600,000
$1,756/SF
Building Size
4,326 SF
Asset Type
Single Family
Closing
Sep 28, 2022
AI
Larry David recently purchased a single-family property located in Montecito, CA. The property spans an area of 0.46 acres and features a total of 4,326 square feet of living space.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,600,000
- Market: Montecito, CA
- Buyer: Larry David - @seinfeldtv
- Brokers: Nancy Kogevinas & Cristal Clarke - Berkshire Hathaway
- Square Feet: 4,326
- Price per Square Foot: $1,757
The property sale was facilitated by broker representatives Nancy Kogevinas and Cristal Clarke from Berkshire Hathaway. Larry David acquired the property for a total price of $7,600,000. The transaction reflects the strong demand for upscale single-family homes in the Montecito market.
Players
Market 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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93