Edwin Castro Acquires $45.76M Bel Air Mansion With Brokers Aaron Kirman & Mauricio Umansky
$45,760,000
Building Size
—
Asset Type
Single Family Residence
Closing
Sep 6, 2023
AI
A $45,760,000 million mansion in Bel Air, Los Angeles has been purchased by Edwin Castro, the winner of a $2 billion Powerball jackpot. Known as 'Palazzo di Vista,' this contemporary home offers luxurious amenities such as an infinity pool, tequila bar, and breathtaking mountain-to-island views.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $45,760,000
- Market: Bel Air, Los Angeles
The deal was facilitated by two brokers. Aaron Kirman, representing the Aaron Kirman Group at Compass, and Mauricio Umansky, representing The Agency, played crucial roles in securing the sale. Their expertise and guidance contributed to the successful completion of the transaction.
Players
Market 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93