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Tommy Lee Sells Calabasas Mansion For $3.6M With Seller's Rep Emil Hartoonian - The Agency
SOLD
$3,650,000
California
See Similar DealsSingle Family Residence9,991 SF
Sold 04/28/2023
SOLD
Tommy Lee Sells Calabasas Mansion For $3.6M With Seller's Rep Emil Hartoonian - The Agency
Calabasas
See Similar DealsSingle Family Residence9,991 SF
Sold 04/28/2023
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$365
Total Square Footage:9,991 SF
Transaction Type:Sale
Musician Tommy Lee, known as the drummer for Motley Crue, has sold his Calabasas mansion for $3.6 million. The property, which spans nearly 10,000 square feet, features six bedrooms, eight bathrooms, and a range of amenities. These include a professional recording studio, a pool, city views, and an atrium with a retractable roof. The sale marks a loss for Lee, who had purchased the property for $5.85 million in 2007.
Summary of Transaction Details
- Property Type: Single Family
- Sale Price: $3,650,000
Representing Tommy Lee in the sale was broker Emil Hartoonian from The Agency.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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