Ken Panzer Of Douglas Emmett Sells Los Angeles Estate For $40 Million With Liz Jones And Fran Flanagan As Seller's Representatives

A single-family residence located at 12833 Chalon Road in Los Angeles has been sold for $40 million, amounting to $4,016 per square foot. The property spans 9,960 square feet and includes six bedrooms, situated in the gated Brentwood Country Estates. The seller, Ken Panzer, president and COO of Douglas Emmett, partook in this transaction, which concluded with the buyer also acquiring $1 million worth of furnishings, below the original asking price of $49.5 million.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $40,000,000
• Address: 12833 Chalon Road
• Market: Los Angeles
• Square Footage: 9,960
• Price per Square Foot: $4,016
• Seller: Ken Panzer - Douglas Emmett
• Buyer's Representative: Shelton Wilder - Christie's International Real Estate
• Seller's Representatives: Liz Jones & Fran Flanagan - Compass

In this transaction, Shelton Wilder represents the buyer, while Liz Jones and Fran Flanagan acted as the representatives for the seller, providing their respective services in the dealings of the sale.