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Edwin Castro Acquires $45.76M Bel Air Mansion With Brokers Aaron Kirman & Mauricio Umansky

Property Image
SOLD
$45,760,000
Mauricio Umansky
Aaron Kirman
EC

California

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Single Family Residence
Sold 09/06/2023
the dealplayerscompscontact
Property Image
SOLD

Edwin Castro Acquires $45.76M Bel Air Mansion With Brokers Aaron Kirman & Mauricio Umansky

Single Family Residence
Sold 09/06/2023
Mauricio Umansky
Aaron Kirman
EC
the dealplayerscompscontact
Contact now

Summary

Asset Type:Single Family Residence
Transaction Type:Sale

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

Aaron Kirman
Christie's International Real Estate
Aaron Kirman
43 deals$900.5M volume(310) 994-9512
BROKER
Mauricio Umansky
The Agency
Mauricio Umansky
17 deals$301.4M volume
BROKER
EC
Edwin Castro
2 deals$45.8M volume
BUYER

Details

SOLD
IMAGE: Mauricio Umansky, Edwin Castro & Aaron Kirman DATE: 09/06/2023 MARKET: Bel Air, Los Angeles ASSET TYPE: SFR BUYER: Edwin Castro BROKERS: Aaron Kirman (@AaronKirman) - Aaron Kirman Group (@AaronKirmanGroupLA) - Compass (@Compass) (@CompassCalifornia); Mauricio Umansky (@Icioumansky27c9) - The Agency (@TheAgencyRE) SALE PRICE: $45,760,000 NOTE: Edwin Castro, the winner of a $2 billion Powerball jackpot, has acquired a $45,760,000 million mansion in Bel Air, Los Angeles. The contemporary home, 'Palazzo di Vista,' boasts luxurious amenities like an infinity pool, tequila bar, and panoramic mountain-to-island views.

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

$2,440,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$162,575.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$216,925.75
Annual Debt Service$2,603,108.95