Jennifer Lopez Sells Bel-Air Estate For $34M With Buyer's Rep Lea Porter And Seller's Rep Brett Lawyer
$34,000,000
$2,652/SF
Building Size
12,817 SF
Asset Type
Single Family
Closing
Oct 23, 2023
AI
Jennifer Lopez has sold her Bel-Air estate for approximately $34 million in a recent transaction. The property, which was originally listed for $42.5 million, caught the attention of the buyer due to its extensive land. Lopez initially purchased the estate for $28 million in 2016. With a total area of 8 acres, the single-family property offers a substantial amount of space.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $34,000,000
- Market: Bel Air, Los Angeles
- Square Footage: 12,817
- Price per Square Foot: $2,653
The buyer's representative, Lea Porter from Beverly Hills Estates, played a significant role in facilitating the sale of the property. On the other hand, Jennifer Lopez was assisted by Brett Lawyer from Carolwood Estates as her representative in the deal. The transaction showcases the involvement of these individuals and the real estate agencies they represent.
Players
Market 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93