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Edwin Castro buys Bel Air h...

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

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

Aaron Kirman

Christie's International Real Estate

Broker

$947.4M

vol

44 deals

Broker

Edwin Castro

Buyer

$45.8M

vol

2 deals

Buyer

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