Jonathan Gray Acquires Bel-Air Mansion From Palmer Murray For $23.02M
657 North Perugia Way
$23,020,509
$2,729/SF
Building Size
8,434 SF
Asset Type
Single Family
Closing
Jun 17, 2024
AI
The Bel-Air mansion located at 657 Perugia Way was acquired by Jonathan Gray from a trust associated with Palmer Murray of LourdMurray for $23,020,509. The property encompasses 8,434 square feet of living space on over half an acre of land in Los Angeles, featuring amenities like a library, bar, spa, gym, and outdoor pool areas. The mansion offers stunning views overlooking the Bel-Air Country Club.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,020,509
- Buyer: Jonathan Gray
- Seller: Palmer Murray - LourdMurray
- Buyer's Representatives: Alexis Perry - Carolwood Estates; Jack Harris - The Beverly Hills Estates
- Seller's Representatives: David Parnes & James Harris - Carolwood Estates
- Address: 657 Perugia Way
- Market: Los Angeles
- Asset Type: Single Family
- Acres: 0.72
- SF: 8,434
- PPSF: $2,729
Jonathan Gray, a serial entrepreneur known for ventures in design, events, and media, successfully completed the purchase of the Bel-Air mansion. The deal was facilitated with the assistance of Alexis Perry from Carolwood Estates and Jack Harris from The Beverly Hills Estates representing Jonathan Gray as the buyer. On the other side, the transaction was managed by David Parnes and James Harris from Carolwood Estates as the seller's representatives, finalizing the sale of the lavish property in a notable transaction in the Los Angeles real estate market.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93