Larry David Acquires Montecito Single Family For $7.6M With Buyer's Rep Nancy Kogevinas & Cristal Clarke - Berkshire Hathaway
SOLD
$7,600,000
California
See Similar DealsSingle Family4,326 SF
Sold 09/28/2022
SOLD
Larry David Acquires Montecito Single Family For $7.6M With Buyer's Rep Nancy Kogevinas & Cristal Clarke - Berkshire Hathaway
Single Family4,326 SF
Sold 09/28/2022
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,756
Total Square Footage:4,326 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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