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Kevin Dees & Sebastian Spader Acquire Judy Garland's Former Bel Air Home For $11.1M

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SOLD
$11,100,000

California

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Single Family5,513 SF
Sold 07/09/2024
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Property Image
SOLD

Kevin Dees & Sebastian Spader Acquire Judy Garland's Former Bel Air Home For $11.1M

1231 Stone Canyon Road

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Single Family5,513 SF
Sold 07/09/2024
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,013
Total Square Footage:5,513 SF
Transaction Type:Sale

The former Bel Air home of Judy Garland, located at 1231 Stone Canyon Road in Los Angeles, was recently sold for $11.1 million. The property sits on a sprawling 2.7-acre estate and was designed by architect Wallace Neff in 1939. Featuring five bedrooms, seven bathrooms, a pool, and a writer's cottage, this single-family residence spans 5,513 square feet with a price per square foot of $2,013.

Summary of transation details:

Kevin Dees and Sebastian Spader, representing Carolwood Estates, acted as the buyer's representatives in this transaction. On the seller's side, the property was successfully sold by Josh Flagg from Compass. The deal involved notable individuals in the real estate industry, showcasing the collaborative efforts of these professionals in closing a significant transaction.

Players

Josh Flagg
19 deals$190.4M volume(310) 819-3410
BROKER

Kevin Dees
Carolwood Estates
6 deals$100.1M volume(818) 414-3404
BROKER

Sebastian Spader
Carolwood Estates
1 deal$11.1M volume(310) 995-9700
BROKER

Details

SOLD
IMAGE: Kevin Dees, Sebastian Spader, Josh Flagg & Judy Garland DATE: 07/09/2024 ADDRESS: 1231 Stone Canyon Road MARKET: Los Angeles ASSET TYPE: Single Family ~ ACRES: 2.7 SELLER: Jill & Merrill Chozen BUYER'S REP: Kevin Dees (@kevindees) & Sebastian Spader (@Sebastian_Spader) - Carolwood Estates (@CarolwoodRealEstate) SELLER'S REP: Josh Flagg (@JoshFlagg1) - Compass (@Compass) SALE PRICE: $11,100,000 SF: 5,513 ~ PPSF: $2,013 NOTE: Judy Garland's former Bel Air home, built in 1939 and designed by architect Wallace Neff, sold for $11.1 million. The nearly 2.7-acre estate at 1231 Stone Canyon Road, listed by Josh Flagg of Compass and sold by a trust tied to Jill and Merrill Chozen, features five bedrooms, seven bathrooms, a pool, and a writer's cottage. &MerrillChozen

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$592,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,435.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,619.66
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