Kevin Dees & Sebastian Spader Acquire Judy Garland's Former Bel Air Home For $11.1M
1231 Stone Canyon Road
$11,100,000
$2,013/SF
Building Size
5,513 SF
Asset Type
Single Family
Closing
Jul 9, 2024
AI
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:
- Property Type: Single Family
- Transaction Amount: $11,100,000
- Address: 1231 Stone Canyon Road
- Market: Los Angeles
- Size: 2.7 Acres
- Seller: Jill & Merrill Chozen
- Buyer's Rep: Kevin Dees & Sebastian Spader - Carolwood Estates
- Seller's Rep: Josh Flagg - Compass
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
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93