Updated Oct 29, 2024
NetEase Acquires Bel Air SFR From Elon Musk For $29M
10911 Chalon Rd, Los Angeles, CA 90077, USA
$29,000,000
$178/SF
Building Size
162,510 SF
Asset Type
Single Family Residence
Closing
Jun 18, 2020
About this deal
AI
The property involved in this closed transaction is a single-family residence located at 10911 Chalon Road in Bel Air. The property was sold by Elon Musk for a total price of $29,000,000. It spans across 16,251 square feet and has a price per square foot of $1,784.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $29,000,000
- Square Footage: 16,251
- Price Per Square Foot: $1,784
- Address: 10911 Chalon Road, Bel Air
- Market: Bel Air
William Ding Lei from NetEase acted as the buyer in this transaction, while Elon Musk was the seller.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93