Updated Sep 5, 2024
Gary Cole & Michelle Knapp Acquire Bel Air SFR For $2.5M
Bel Air, Los Angeles, CA, USA
$2,500,000
$1,188/SF
Building Size
2,103 SF
Asset Type
Single Family
Closing
Sep 2, 2021
About this deal
AI
A single-family residence (SFR) located in Bel Air recently sold for $2,500,000. The property covers 0.78 acres and has a living space of 2,103 square feet. With a price per square foot (PPSF) of $1,188, this home offers a lucrative investment opportunity.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $2,500,000
- Market: Bel Air
- Acres: 0.78
The buyers in this transaction were Gary Cole and Michelle Knapp. Representing the buyers were Kevin Stewart from The Agency and the Altman Brothers Team, Josh and Matt Altman, from Douglas Elliman. These brokers played a crucial role in facilitating the deal and ensuring a successful transaction.
Los Angeles 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93