Bruce Makowsky Sells $94M Bel Air SFR With Brokers Branden Williams & Rayni Williams
924 Bel Air Road, Los Angeles, CA 90077, USA & 924 Bel Air Road, Los Angeles, CA 90077, USA
$94,000,000
$1,236/SF
Building Size
76,000 SF
Asset Type
Single Family Residence
Closing
Oct 23, 2019
AI
The property involved in this closed transaction is a four-story, 38,000-square-foot single-family home located at 924 Bel Air Road in the Bel Air market. The property features 12 bedrooms, 21 bathrooms, and an 85-foot infinity pool with a swim-up bar. The sale occurred on October 24, 2019, and the property was sold for a price of $94,000,000, resulting in a price per square foot of $2,473.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $94,000,000
- Square Footage: 38,000
- Address: 924 Bel Air Road
- Market: Bel Air
In this transaction, the seller of the property was Bruce Makowsky. The brokers involved in the deal were Branden Williams and Rayni Williams, who represented the seller through their agency, Williams & Williams - Hilton & Hyland. The buyer was represented by @BenBacalEstates.
Notably, the property was originally listed for $250,000,000 in 2016. The buyer of the mansion, who is French Moroccan, also purchased the furniture for approximately $7,000,000, bringing the total price of the home, including furniture, to over $100,000,000. Bruce Makowsky, known for his success in the luxury handbag industry, previously sold a spec mansion in Beverly Hills for $70,000,000 to Swedish video game billionaire Markus Persson.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93