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
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