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:
- Property Type: Single Family
- Transaction Amount: $22,000,000
- Market: Los Angeles
- Square Footage: 12,761
- Price Per Square Foot: $1,724
- Seller: Gwyneth Paltrow
- Seller's Representative: Lea Porter - The Beverly Hills Estates
- Broker: Richard Ehrlich - Carolwood Estates
- Listing Price: $29,990,000 (initial), $24,900,000 (final)
- Acres: 0.66
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
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