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657 North Perugia Way

Jonathan Gray Acquires Bel-Air Mansion From Palmer Murray For $23.02M
SOLDSingle Family

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:

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

David Parnes

Carolwood Estates

Broker

$502.2M

vol

26 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93