Updated Sep 9, 2024
Kendrick Lamar Acquires Bel Air Single Family For $15.9M With Buyer's Rep Katrina Gibson-Bragg
Bel Air, Los Angeles, California, United States
$15,850,000
$1,981,250/SF
Building Size
8 SF
Asset Type
Single Family Residence
Closing
Oct 19, 2022
About this deal
AI
Kendrick Lamar has recently closed a property transaction in Bel Air. The single-family home sits on a sprawling 0.71-acre lot in this exclusive market. The property features a total of 8,069 square feet of living space.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,850,000
- Market: Bel Air
- Acres: 0.71
Kendrick Lamar, the buyer in this transaction, has made a significant investment in this Bel Air property. His representative, Katrina Gibson-Bragg from KW Advisors, worked closely with him throughout the process. On the selling side, Max Shapiro and Stephen Shapiro from Westside Estate Agency Inc represented the seller.
This transaction concluded on October 19, 2022, with a sale price of $15,850,000. With a square footage of 8,069, the price per square foot (PPSF) of this property comes to $1,964.
On the Map
$15,850,000
$1,981,250/SF
Single Family Residence
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Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2M per square foot on a published $15.9M for 8 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93