Updated Sep 9, 2024
The Weeknd Acquires Bel Air SFR For $70M From Reinout Oerlemans & Danielle Oerlemans With Brokers Rayni Romito Williams & Angel G. Salvador - The Beverly Hills Estates
Bel Air, Los Angeles, CA, USA
$70,000,000
$2,121/SF
Building Size
33,000 SF
Asset Type
Single Family
Closing
Aug 21, 2021
About this deal
AI
The Weeknd has made a significant real estate purchase in the Bel Air market. The property in question is a Single Family Residence (SFR) situated on a spacious 1.6-acre lot. The transaction took place in August 2021.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $70,000,000
- Market: Bel Air
- Acres: 1.6
- Buyer: The Weeknd 🎙 🎶 💫
- Seller: Reinout Oerlemans & Danielle Oerlemans
- Brokers: Rayni Romito Williams & Angel G. Salvador - The Beverly Hills Estates
- Last Sale Price: $21,440,000 (2015)
The property spans over 33,000 square feet, offering ample space and comfort. With a price per square foot of $2,121, this transaction highlights the value placed on this prestigious property in Bel Air. It is worth noting that the previous sale of the property occurred in 2015, with a sale price of $21,440,000.
This notable transaction involved key individuals and companies. The Weeknd, known for his musical talent and success, served as the buyer for this property. On the other side of the deal, the sellers were Reinout Oerlemans and Danielle Oerlemans. Rayni Romito Williams and Angel G. Salvador, representing The Beverly Hills Estates, acted as the brokers in the transaction, facilitating the successful sale of the property.
On the Map
$70,000,000
$2,121/SF
Single Family
View full map
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $2.1K per square foot on a published $70M for 33,000 square feet (2021).
Visit Angel Salvador to view all their deals.
Browse California single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93