Updated Oct 29, 2024
Calvin Harris Acquires Bel Air Mansion From Paradigm Developers For $13.8M
Bel Air Road
$13,800,000
$766/SF
Building Size
18,000 SF
Asset Type
Single Family Residence
Closing
Oct 26, 2018
About this deal
AI
Bel Air has recently seen a significant transaction in the real estate market. One key asset involved in this sale is a stunning mansion. The property was purchased by Calvin Harris from Paradigm Developers, represented by Todd Demann. This transaction took place on October 26, 2018.
Summary of transaction details
- Property Type: Mansion
- Transaction Amount: $13,800,000
- Square Footage: 18,000
- Price per Square Foot: $766
- Buyer: Calvin Harris
- Seller: Paradigm Developers (represented by Todd Demann)
This deal showcases Calvin Harris' interest in acquiring prime properties in the Bel Air area. The mansion, with its grandeur and extensive square footage, perfectly aligns with his taste and requirements. On the other side of the transaction, Paradigm Developers entrusted Todd Demann to represent their interests and negotiate the sale on their behalf. This sale further accentuates the thriving real estate market in Bel Air.
On the Map
$13,800,000
$766/SF
Single Family Residence
View full map
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $766 per square foot on a published $13.8M for 18,000 square feet (2018).
Visit Calvin Harris to view all their deals.
Browse Los Angeles single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93