Adam Levine & Behati Prinsloo Acquire Montecito SFR For $22.7M
SOLD
California
See Similar DealsSingle Family
Sold 03/11/2021
SOLD
Adam Levine & Behati Prinsloo Acquire Montecito SFR For $22.7M
Montecito, CA, USA
See Similar DealsSingle Family
Sold 03/11/2021
Summary
CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,648.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,609.58
Annual Debt Service$1,291,314.97
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