facebook
Traded Co logo
Submit
Daily limit: 0/10

Zedd Acquires Luxury Encino Mansion Odin For $18.4M

Property Image
SOLD
$18,400,000
David Kramer
Joshua (Josh) Altman
+ 1

California

See Similar Deals
Single Family17,500 SF
Sold 11/28/2023
the dealplayerscompscontact
Property Image
SOLD

Zedd Acquires Luxury Encino Mansion Odin For $18.4M

Single Family17,500 SF
Sold 11/28/2023
David Kramer
Joshua (Josh) Altman
+ 1
Contact now

Summary

Asset Type:Single Family
Price Per Square Foot:$1,051
Total Square Footage:17,500 SF
Transaction Type:Sale

DJ and producer Zedd has purchased the luxury Encino mansion "Odin" for $18.4 million. The 18,000-square-foot Scandinavian-inspired home, listed for around $23 million in June, includes a 1-acre lot, Nordic design, and amenities like a junior Olympic-sized pool and a bowling alley.

Summary of Transaction Details

  • Property Type: Single Family
  • Transaction Amount: $18,400,000
  • Market: Encino

Zedd bought the "Odin" mansion from JVE Development, represented by Joseph Peretz. Zedd's representatives in the deal were Andrew Buss from Hilton & Hyland and David Kramer from Hilton & Hyland. On the other hand, Joshua Altman from Douglas Elliman and Sally Forster Jones from Compass represented JVE Development.

Players

Joshua (Josh) Altman
42 deals$577M volume
BROKER

Sally Forster Jones
Compass
32 deals$556.6M volume
BROKER

David Kramer
Hilton & Hyland
5 deals$122.2M volume
BROKER

Andrew Buss
Hilton & Hyland
2 deals$36.9M volume(310) 487-4437
BROKER

SELLER

Details

SOLD
IMAGE: David Kramer, Sally Forster Jones, Zedd, Joshua Altman & Andrew Buss DATE: 11/28/2023 MARKET: Encino ASSET TYPE: Single Family BUYER: Zedd (@Zedd) SELLER: JVE Development (@JVEDevelopments) - Joseph Peretz BUYER'S REP: Andrew Buss (@AndrewBuss_RealEstate) & David Kramer (@DavidKramerRE) - Hilton & Hyland (@HiltonHyland) SELLER'S REP: Joshua Altman (@TheJoshAltman) - Douglas Elliman (@DouglasElliman); Sally Forster Jones (@Sally.Forster.Jones) - Compass (@Compass) SALE PRICE: $18,400,000 SF: 17,500 ~ PPSF: $1,051 NOTE: DJ and producer Zedd has purchased the luxury Encino mansion "Odin" for $18.4 million, marking the priciest closing in the area this year. The 18,000-square-foot Scandinavian-inspired home, listed for around $23 million in June, includes a 1-acre lot, Nordic design, and amenities like a junior Olympic-sized pool and a bowling alley.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$981,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
Annual Debt Service$1,046,704.65