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1035 Stradella Rd Los Angel...

Paul Nassif's Bel-Air Mansion Sells For $18.4M In Los Angeles
SOLDSingle Family Residence

Paul Nassif's Bel-Air Mansion Sells For $18.4M In Los Angeles

1035 Stradella Rd Los Angeles, CA 90077, USA

$18,400,000

$1,516/SF

Building Size

12,130 SF

Asset Type

Single Family Residence

Closing

Jun 14, 2023

AI

The Bel-Air mansion owned by Paul Nassif in Los Angeles has been sold in an auction for $18.4 million. The luxury estate, with a generous 12,130 square feet, was initially listed for $32 million, making the final sale price significantly lower than the asking price.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $18,400,000
  • Address: 1035 Stradella Road
  • Market: Los Angeles

The auction attracted attention to the property, which was developed by Paul Nassif, a reality TV star. The sale was carried out to facilitate Nassif's plans for other projects, as he decided to part ways with the 12,130-square-foot luxury estate. The transaction was mediated by a notable group of brokers representing different agencies. Mauricio Umansky from The Agency, Jade Mills from Coldwell Banker Realty, Joshua Altman from Douglas Elliman, and Tomer Fridman from Compass played key roles in the successful sale.

Players

Jade Mills

Coldwell Banker

Broker

$683.2M

vol

21 deals

Broker
Compass
CompassBrokerage

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93