Updated Sep 5, 2024
Charles Ray Acquires Brentwood SFR For $4.4M With Simon Beardmore & Thomas Mann
$4,400,000
$1,000/SF
Building Size
4,400 SF
Asset Type
Single Family
Closing
Jul 10, 2022
About this deal
AI
A single-family residence located in Brentwood with a land area of 3.4 acres has been sold. The property, featuring an artistically designed exterior, was purchased by renowned sculptor Charles Ray. The transaction took place on July 10, 2022. The sale was facilitated by two brokers, Simon Beardmore from Sotheby’s International Realty and Thomas Mann from Keller Williams Beverly Hills.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $4,400,000
- Square Footage: 4,400
- Price per Square Foot: $1,000
- Market: Brentwood
- Buyer: Charles Ray - Sculptor
- Brokers: Simon Beardmore - Sotheby’s International Realty; Thomas Mann - Keller Williams Beverly Hills
The sale price for this artistically designed single-family residence was $4,400,000. Spanning across 4,400 square feet, the property offers ample space for creative endeavors. Its unique architectural features and expansive 3.4-acre lot make it an exceptional find in the prestigious Brentwood market. Charles Ray, the acclaimed sculptor, recognized the potential of this property and secured it for his artistic pursuits. Assisting in the successful transaction were brokers Simon Beardmore from Sotheby’s International Realty and Thomas Mann from Keller Williams Beverly Hills.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $1K per square foot on a published $4.4M for 4,400 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93