Stevie Wonder Acquires Bel Air SFR From Mohammed Bin Faisal Bin Saud Al Saud For $14M
$14,000,000
Building Size
—
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
Stevie Wonder and Tomeeka Bracy have purchased a single-family home in Bel Air, Los Angeles. The property was sold by Mohammed bin Faisal bin Saud Al Saud. The transaction was facilitated by broker Emanouel Ourshano from Platinum Estates.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $14,000,000
- Market: Bel Air
- Asset Type: SFR
The property, spanning 20,000 square feet, was sold for $14,000,000 at a price per square foot of $700.
Stevie Wonder Acquires Bel Air SFR From Mohammed Bin Faisal Bin Saud Al Saud For $14M is logged as a commercial sale on Traded (2021). Named participants on the Stevie Wonder Acquires Bel Air SFR From Mohammed Bin Faisal Bin Saud Al Saud For $14M sale are Emanouel Ourshano. This page is the market file for the Stevie Wonder Acquires Bel Air SFR From Mohammed Bin Faisal Bin Saud Al Saud For $14M commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Cite this Stevie Wonder Acquires Bel Air SFR From Mohammed Bin Faisal Bin Saud Al Saud For $14M sale when underwriting similar commercial product.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93