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Chad Smith Purchases Luxury Brentwood House For $18M

Property Image
SOLD
$18,000,000
Cindy Ambuehl
Melanie Sommers

California

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Single Family9,200 SF
Sold 06/13/2023
the dealplayerscompscontact
Property Image
SOLD

Chad Smith Purchases Luxury Brentwood House For $18M

Brentwood

See Similar Deals
Single Family9,200 SF
Sold 06/13/2023
Cindy Ambuehl
Melanie Sommers
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,956
Total Square Footage:9,200 SF
Transaction Type:Sale

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
Cindy Ambuehl
7 deals$141.3M volume(818) 489-0282
BROKER
Melanie Sommers
Compass
Melanie Sommers
1 deal$18M volume(310) 418-0343
BROKER

Details

SOLD
IMAGE: Chad Smith DATE: 06/13/2023 MARKET: Brentwood ASSET TYPE: Single Family ~ ACRES: 0.56 BUYER: Chad Smith (@ChadSmithOfficial) SELLER: George Strompolos BROKERS: Melanie Sommers & Cynthia Ambuehl - Compass (@Compass) SALE PRICE: $18,000,000 SF: 9,200 ~ PPSF: $1,957 NOTE: 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20