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1701 Westridge Road

Gwyneth Paltrow Sells Brentwood Estate In Los Angeles For $22 Million With Lea Porter As Seller's Representative
SOLDSingle Family

Gwyneth Paltrow Sells Brentwood Estate In Los Angeles For $22 Million With Lea Porter As Seller's Representative

1701 Westridge Road

$22,000,000

$1,724/SF

Building Size

12,761 SF

Asset Type

Single Family

Closing

Jan 27, 2025

AI

The property located at 1701 Westridge Road in Los Angeles is a single-family residence encompassing 12,761 square feet on a 0.66-acre lot. It has been sold for $22,000,000 after initially being listed for $29.99 million in May 2024 and later reduced to $24.9 million in October. This estate includes six bedrooms, a guesthouse, and extensive amenities. It was under contract before the nearby wildfires but remained unaffected during the process.

Summary of transaction details:

The deal involved Gwyneth Paltrow as the seller, represented by Lea Porter from The Beverly Hills Estates. Richard Ehrlich from Carolwood Estates acted as the broker for the transaction, facilitating the sale process.

Players

Richard Ehrlich

Carolwood Estates

Broker

$136.8M

vol

7 deals

Broker
Westside Estate Agency
Westside Estate AgencyBrokerage

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

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93