Kendrick Lamar To Purchase Brentwood Home For $40M From Viet Dinh & Jennifer Ashworth
1707 Westridge Road
$40,000,000
$2,462/SF
Building Size
16,243 SF
Asset Type
Single Family
Closing
May 20, 2024
AI
The property located at 1707 Westridge Road in Brentwood, Los Angeles, is a Single Family home sitting on 0.84 acres. The transaction for this property involved a purchase price of $40,000,000, with a total square footage of 16,243 and a price per square foot of $2,463.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Buyer: Kendrick Lamar
- Seller: Viet Dinh & Jennifer Ashworth
- Brokers: Cindy Ambuehl & Morgan Trent - Christie's International Real Estate; Mark Norton - Palm Realty Boutique
Hip-hop artist Kendrick Lamar is reportedly under contract to acquire the property. The home, not officially listed at the time of Lamar's potential purchase, offers amenities like a wine cellar, gym, and pool. The sellers, Viet Dinh and Jennifer Ashworth, are parting ways with the property that was originally acquired by a trust linked to them in 2019. Brokers involved in the deal include Cindy Ambuehl, Morgan Trent, and Mark Norton, representing the respective parties in this high-priced 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93