Tesla boss Elon Musk sells four Los Angeles homes for $ 60 million deal
Tech billionaire Elon Musk keeps his promise to “own no home” – an unexpected promise he made in the spring – by selling a handful of properties in Los Angeles last week for more than $ 60 million. dollars.
The Tesla boss, 49, has parted ways with four houses, records and sources show.
All are now part of the real estate portfolio owned by local developer Ardie Tavangarian, a representative of the developer confirmed.
Earlier this year, Mr. Musk signed a letter of intent to sell the properties to Arya Chalon LLC, an entity created by Mr. Tavangarian.
The properties are set to be turned into “a unique new development project to make it truly one of a kind,” according to the statement released by Mr. Tavangarian’s Arya Group in July.
The most expensive of the group sold for $ 29.71 million, according to the records. It was joined by two other homes, one next door and one nearby, on the same Bel Air Street, which sold for $ 6.77 million and $ 4.6 million.
The fourth property, a four-bedroom mansion overlooked by the other homes, sold for $ 21 million, according to the representative.
Mr Musk listed the four homes together in May, just weeks after his impromptu announcement, for a combined $ 62.5 million.
In total, the electric car mogul, whose company did not immediately respond to a request for comment, paid around $ 55 million for the homes under separate deals between 2015 and 2019, the records show. .
Along with the $ 62.5 million development opportunity, Mr Musk also listed two other mansions following his Twitter statement, one of which was reportedly sold in June to billionaire William Ding for $ 29 million. . The other, a white shingled ranch and the longtime home of the late actor Gene Wilder, was reportedly sold in October for $ 7 million to Wilder’s nephew.
Variety first reported the latest sales.