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Bel Air, Los Angeles, Calif...

Jennifer Lopez And Ben Affleck Purchase Bel-Air SFR For $50M
SOLDSingle Family Residence

Jennifer Lopez And Ben Affleck Purchase Bel-Air SFR For $50M

Bel Air, Los Angeles, California, United States

$50,000,000

$2,500/SF

Building Size

20,000 SF

Asset Type

Single Family Residence

Closing

May 11, 2023

AI

Jennifer Lopez and Ben Affleck have made headlines once again, this time with their real estate purchase in Bel-Air. The power couple recently acquired a stunning single-family residence (SFR) in the prestigious neighborhood. The property spans approximately 20,000 square feet, offering ample space for the duo to enjoy their privacy and indulge in luxurious living. The transaction took place on 03/21/2022, making it a recent addition to their already impressive real estate portfolio.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $50,000,000
  • Square Footage: 20,000
  • Price per Square Foot: $2,500
  • Market: Bel-Air

Todd Lemkin represented the seller in this high-profile deal. The exact address of the property remains undisclosed, ensuring utmost privacy for the celebrity buyers. With its grand scale and opulent features, this acquisition exemplifies Jennifer Lopez and Ben Affleck's discerning taste and commitment to luxurious living. The couple's investment in the Bel-Air market highlights their ongoing growth and success in the real estate realm.

Players

Ben Affleck

Buyer

$179.3M

vol

6 deals

Buyer

Todd Lemkin

Seller

$102M

vol

2 deals

Seller

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93