Updated Sep 9, 2024
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
About this deal
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
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2K per square foot on a published $18M for 9,200 square feet (2023).
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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