Updated Nov 17, 2023
Adam Levine & Behati Prinsloo Acquire Montecito SFR For $22.7M
Montecito, CA, USA
$22,700,000
Building Size
—
Asset Type
Single Family
Closing
Mar 11, 2021
About this deal
AI
Located in Montecito, this Single Family Residence (SFR) was recently sold, making headlines in the real estate market. The property, which features impressive amenities and a prime location, was sold on March 11, 2021.
Summary of Transaction Details
- Property Type: Single Family Residence (SFR)
- Transaction Date: March 11, 2021
- Market: Montecito
- Buyer: Adam Levine & Behati Prinsloo
- Broker: Riskin Partners Group - Village Properties
- Sale Price: $22,700,000
The buyers, Adam Levine and Behati Prinsloo, secured this exclusive property through the assistance of their broker, Riskin Partners Group - Village Properties. With its stunning features and desirable location in Montecito, it's no wonder that this property attracted such high-profile buyers. The sale price of $22,700,000 underscores the value and desirability of this investment.
On the Map
$22,700,000
Single Family
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Santa Barbara Single Family Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93