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Hollywood Hills, Los Angele...

BA Blackstock Acquires Hollywood Hills SFR From Estate Of Erick Morillo For $9.4M
SOLDSingle Family

BA Blackstock Acquires Hollywood Hills SFR From Estate Of Erick Morillo For $9.4M

Hollywood Hills, Los Angeles, CA, USA

$9,400,000

$2,069/SF

Building Size

4,543 SF

Asset Type

Single Family

Closing

Sep 4, 2021

AI

The recently sold property in Hollywood Hills, a single-family residence with a land area of 0.82 acres, has been acquired by BA Blackstock. The property, located at an undisclosed address, was sold by the Estate of Erick Morillo. The transaction was facilitated by the brokers involved, namely Jason Oppenheim from The Oppenheim Group and Josh & Matt Altman from Douglas Elliman's Altman Brothers Team. The sales price for this property was $9,400,000, with a total square footage of 4,543 and a price per square foot of $2,069.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Sale Price: $9,400,000
  • Square Footage: 4,543
  • Price Per Square Foot: $2,069
  • Acres: 0.82
  • Buyer: BA Blackstock
  • Seller: Estate of Erick Morillo
  • Brokers: Jason Oppenheim - The Oppenheim Group; Josh & Matt Altman - Douglas Elliman

BA Blackstock, the buyer in this transaction, has made a significant investment in the Hollywood Hills area. The property, previously owned by the Estate of Erick Morillo, offers a spacious living area with a square footage of 4,543, creating ample room for comfortable living. The deal was successfully closed thanks to the efforts of the brokers involved, Jason Oppenheim and Josh & Matt Altman, who meticulously facilitated the transaction to ensure a smooth process for both the buyer and the seller.

Players

Jason Oppenheim

Broker

$115.2M

vol

15 deals

Broker

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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93