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Jennifer Lopez Sells Bel-Air Estate For $34M With Buyer's Rep Lea Porter And Seller's Rep Brett Lawyer
SOLD
$34,000,000
California
See Similar DealsSingle Family12,817 SF
Sold 10/23/2023
SOLD
Jennifer Lopez Sells Bel-Air Estate For $34M With Buyer's Rep Lea Porter And Seller's Rep Brett Lawyer
Single Family12,817 SF
Sold 10/23/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$2,652
Total Square Footage:12,817 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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