Nuno Bettencourt Of Extreme Sells LA Home With PLG Estates For $3.75M
3001 Durand Drive
$3,748,195
$678/SF
Building Size
5,521 SF
Asset Type
Single Family
Closing
Feb 29, 2024
AI
The property at 3001 Durand Drive in Los Angeles' Beachwood Canyon neighborhood was sold for $3,748,195. Spanning 5,521 square feet, the single-family home sits on 0.36 acres and offers breathtaking views from downtown LA to the Pacific Ocean. The residence comes complete with a pool deck oasis, sauna, steam room, elevator, and a three-car garage.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,748,195
- Market: Los Angeles
- Seller: Nuno Bettencourt
- Brokers: Cindy Lorimer & Peter Lorimer - PLG Estates
- SF: 5,521
- PPSF: $679
Guitarist Nuno Bettencourt, known for his work with EXTREME, was the seller of the property. In addition to his music career, Bettencourt is also the CEO of Atlantis Entertainment and recently released EXTREME's studio album "Six" in June 2023.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93