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Bel Air Road

Calvin Harris Acquires Bel Air Mansion From Paradigm Developers For $13.8M
SOLDSingle Family Residence

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

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.

Players

Williams & Williams Estates Group
Williams & Williams Estates GroupBrokerage
The Agency
The AgencyBrokerage
Compass
CompassBrokerage

Calvin Harris

Buyer

$18.9M

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

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93