Paul & Gwendolyn Johnson Acquire Montecito, CA Single Family Home From Larry David For $6.9M
$6,900,000
$2,414/SF
Building Size
2,858 SF
Asset Type
Single Family
Closing
Sep 20, 2022
AI
A single-family property located in Montecito, CA has been sold for $6,900,000. Situated on 0.19 acres of land, the property offers 2,858 square feet of living space. The sale was completed on 09/20/2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $6,900,000
- Market: Montecito, CA
- Acres: 0.19
- Square Feet: 2,858
Paul & Gwendolyn Johnson have purchased the property from Larry David, the well-known comedian. The buyer was represented by Whitney Parker from Berkshire Hathaway Home Services California Properties, while the seller was represented by Cristal Clarke from Berkshire Hathaway.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93