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Montecito, CA, USA

Adam Levine & Behati Prinsloo Acquire Montecito SFR For $22.7M
SOLDSingle Family

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

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.

Players

Robert Riskin

Broker

$86.9M

vol

4 deals

Broker

Santa Barbara 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

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93