Brad Pitt Acquires SFR Property On 2.51 Acres In Carmel-by-the-Sea For $40M
SOLD
$40,000,000
California
See Similar DealsSingle Family Residence
Sold 07/26/2022
SOLD
Brad Pitt Acquires SFR Property On 2.51 Acres In Carmel-by-the-Sea For $40M
Carmel By The Sea, San Francisco, California 94129, United States
See Similar DealsSingle Family Residence
Sold 07/26/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Sale
Brad Pitt has purchased a single-family residence (SFR) in Carmel-by-the-sea. The property, situated on a sprawling 2.51-acre lot, was sold for a staggering $40,000,000. The transaction took place on July 26, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $40,000,000
- Market: Carmel-by-the-sea
- Acres: 2.51
This significant purchase was made by actor Brad Pitt. The deal showcases his interest in investing in luxurious and expansive properties. With this acquisition, Pitt adds another valuable asset to his real estate portfolio.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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