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3001 Durand Drive

Nuno Bettencourt Of Extreme Sells LA Home With PLG Estates For $3.75M
SOLDSingle Family

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:

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

Peter Lorimer

PLG Estates

Broker

$37M

vol

5 deals

Broker

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