Evan Spiegel And Miranda Kerr Sell Brentwood Mansion For $16.1 Million With Brokers Duskin And Fenton
655 Macculloch Drive
$16,100,000
$2,247/SF
Building Size
7,164 SF
Asset Type
Single Family
Closing
Sep 19, 2024
AI
The property involved in this transaction is a single-family home located at 655 Macculloch Drive, situated in the Brentwood market. The asset spans approximately 0.8 acres and has a total square footage of 7,164. The sale was finalized at a price of $16,100,000, which translates to a per square foot price of $2,247.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,100,000
- Address: 655 Macculloch Drive
- Market: Brentwood
- Square Footage: 7,164
- Price Per Square Foot: $2,247
- Seller: Miranda Kerr; Evan Spiegel - Snapchat
- Brokers: Barbara Duskin & Drew Fenton - Carolwood Estates
The seller, Evan Spiegel, who is the CEO of Snapchat, originally purchased the residence for $12 million in 2016. This sale follows a price reduction from $19.95 million to $17.75 million earlier in July 2024. The couple's focus has shifted towards selling another property, having recently acquired a new compound in Los Angeles valued at $120 million.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93