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Bel Air, Los Angeles, Calif...

Ardie Tavangarian Acquires Bel Air SFR For $37.3M From Seller Brandon Beck - Co Founder Of Riot Games
SOLDSingle Family Residence

Ardie Tavangarian Acquires Bel Air SFR For $37.3M From Seller Brandon Beck - Co Founder Of Riot Games

Bel Air, Los Angeles, California, United States

$37,300,000

$3,513/SF

Building Size

10,616 SF

Asset Type

Single Family Residence

Closing

Jan 12, 2022

AI

A SFR in Bel Air, spanning 3.2 acres, has been sold for a price of $37,300,000. The transaction took place on January 12, 2022. The property was purchased by Ardie Tavangarian from the seller, Brandon Beck, who is the Co-founder of Riot Games.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $37,300,000
  • Market: Bel Air
  • Acres: 3.2

Ardie Tavangarian acquired the property from Brandon Beck, who represented himself in the deal. The buyer and seller finalized the transaction, resulting in the sale of the property located in Bel Air. The deal represents a significant transaction in the real estate market, reflecting the desirability and value of the SFR on a 3.2-acre land parcel in Bel Air.

Players

Drew Fenton

Carolwood Estates

Broker

$1.3B

vol

36 deals

Broker
Hilton & Hyland
Hilton & HylandBrokerage

Ardie Tavangarian

Buyer

$120.3M

vol

2 deals

Buyer

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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93