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Brentwood

Chad Smith Purchases Luxury Brentwood House For $18M
SOLDSingle Family

Chad Smith Purchases Luxury Brentwood House For $18M

Brentwood

$18,000,000

$1,956/SF

Building Size

9,200 SF

Asset Type

Single Family

Closing

Jun 13, 2023

AI

This chic and luxurious Brentwood house in Los Angeles, featuring custom details and a seamless indoor-outdoor design, was sold to Red Hot Chili Peppers drummer Chad Smith for $18 million. The property, originally priced at $21 million and spanning three levels, offers a range of high-end amenities and stylish features.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $18,000,000
  • Market: Brentwood
  • Asset Type: Single Family
  • Acres: 0.56

The buyer of this Brentwood property is Chad Smith, the Red Hot Chili Peppers drummer, while George Strompolos is the seller. Melanie Sommers and Cynthia Ambuehl from Compass represented both parties in the deal.

Players

Cindy Ambuehl

Christie's International Real Estate

Broker

$141.3M

vol

7 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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93