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Bel Air, Los Angeles, Calif...

Afterpay's Nick Molnar Acquires Bel Air Single Family Home From Sam Nazarian For $34.8M
SOLDSingle Family Residence

Afterpay's Nick Molnar Acquires Bel Air Single Family Home From Sam Nazarian For $34.8M

Bel Air, Los Angeles, California, United States

$34,800,000

$3,278/SF

Building Size

10,616 SF

Asset Type

Single Family Residence

Closing

Sep 20, 2022

AI

The single-family property in Bel Air, Los Angeles has been sold for $34,800,000. The transaction took place on September 20, 2022. The property spans across 1.12 acres and offers a generous living space of 10,616 square feet. The price per square foot comes to $3,278. The buyer of the property is Nick Molnar, the co-founder of Afterpay, as mentioned in his Instagram post. The seller is Sam Nazarian.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $34,800,000

Nick Molnar, known for his involvement with Afterpay, is the buyer of the property. Sam Nazarian, the seller, facilitated the transaction. The transaction involved a significant sale price of $34,800,000 for the impressive property in Bel Air. This transaction marks a notable deal in the real estate market, emphasizing the high-value properties that attract prominent buyers and investors.

Players

Sam Nazarian

Seller

$48.8M

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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93