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

Property Image
SOLD
$37,300,000
Alexia Simone Umansky
Susan Smith
+ 7

California

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Single Family Residence10,616 SF
Sold 01/12/2022
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Property Image
SOLD

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

See Similar Deals
Single Family Residence10,616 SF
Sold 01/12/2022
Alexia Simone Umansky
Susan Smith
+ 7
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,513
Total Square Footage:10,616 SF
Transaction Type:Sale

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.

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Details

SOLD
IMAGE: Brandon Beck 🎮 DATE: 01/12/2022 MARKET: Bel Air ASSET TYPE: SFR ~ ACRES: 3.2 BUYER: Ardie Tavangarian SELLER: Brandon Beck - Co Founder of Riot Games SALE PRICE: $37,300,000

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$132,519.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$176,821.03
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