facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family Residence

/

Sale

/

Bel Air, Los Angeles, Calif...

Kendrick Lamar Acquires Bel Air Single Family For $15.9M With Buyer's Rep Katrina Gibson-Bragg
SOLDSingle Family Residence

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

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.

Players

Max Shapiro

Westside Estate Agency

Broker

$21.9M

vol

2 deals

Broker

Kendrick Lamar

Buyer

$33.4M

vol

3 deals

Buyer

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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