This article comes from: Phoenix Technology , author: Xiao Yu, the original title: “Secret” Iron Man “Marske estate Business: Hundred-million-dollar luxury house for 100 years in 7 years “, picture from: Visual China
Beijing time on December 6th, billionaire Elon Musk, a much-watched billionaire (Elon Musk) has boldly bet Future projects such as unmanned vehicles and space travel, but his eccentric behavior is well known in the industry.
Earlier this week, he testified in a Los Angeles court, telling the jury that his tweet calling British divers a “pedophile” was just a curse, not the kind of dictionary that says “pedophilia” The definition of “the person” is intended to respond to what he considers unprovoked attacks.
But in the personal real estate business, Musk follows the same strategy that many super-rich have adopted: Buy the block as much as possible.
Musk is still in the real estate business
Musk and associated LLCs (LLC) has bought (Bel-Air) 6 dwellings on the two streets of “Downtown” and “Midtown”. This is a place where celebrities gather. The trees are lush, and there is the (Hotel Bel-Air) nearby.
In addition to a 100-year-old luxury home located near Tesla headquarters in Northern California, Musk or its associated limited liability company has invested about $ 100 million in these seven properties. Musk has not yet commented.
Sotheby’s International Real Estate Agent Brian Ades (Brian Ades) claims that after three years of lease, Musk In 2012, I bought a 20,248 square foot (about 1881 square meters) , a white stucco colonial mansion in Los Angeles. Records show that the limited liability company associated with Musk owns two other properties on the same street, including one that once belonged to actor Jayne Wilder. (Gene Wilder) . Other records indicate that the ranch-style home has become a private school. Musk once said in an interview with Beijing TV that he started the school for his five sons.
In 2015, Musk moved other real estate purchases to an adjacent street, which ends at a steep canyon. A limited liability company called “Duck Duck Goose” (Duck Duck Goose) bought an elegant ranch-style house for $ 4.3 million . This company uses the same registered address as the Musk Foundation and the headquarters of Musk’s SpaceX. A year later, another Musk-linked limited liability company bought a large, unfinished white contemporary home with three doors. More than two years later, another limited liability company bought a white-brick colonial-style house next door, which also used the registered address of SpaceX. All three homes are locatedIn a dead end surrounded by five houses, neighbors could not help but wonder if Musk wanted to buy the entire street.
The strategy of buying as many neighborhoods as possible is a common method used by super rich, including billionaires in the technology industry. Facebook CEO Mark Zuckerberg (Mark Zuckerberg) has bought Palo Alto, California for more than $ 50 million 5 homes. The late Microsoft co-founder Paul Allen (Paul Allen) The residential complex on Mercer Island, Washington contains 13 different adjacent lots , 8 homes.
Many of the homes Musk bought seem to have appreciated. (Sally Forster Jones) , executive director of the luxury real estate division of real estate company Compass, claims that since Musk bought in the above neighborhoods House prices have risen since the first home, with record sales in recent months. A real estate agent believes the homes are designed to accommodate employees and partners at various Musk companies. Musk’s neighbours believe that Musk wants to dig a tunnel between two streets to connect his property.
The contract documents show that in December 2018, Musk mortgaged five of these houses to Morgan Stanley Private Bank. (4 in Los Angeles, 1 (Located in Northern California) and received a total of $ 61.3 million in loans.
Here is an overview of Musk’s properties:
Location: Los Angeles, California
Value: bought for $ 5.2485 million in May 2002 and sold for $ 6.453 million in March 2011
Residential information: 6500 square feet (about 604 square meters) , 4 bedrooms, 6 bathrooms
This house was purchased by Musk in the Bay Area when he married Justin Musk (Justine Musk) . Musk met Justin while studying at Queen’s University in Canada. Justin said it took them two years to find the house, and the couple had been at the Mondrian and Bay Sands hotels during the search. After the two divorced, Justin acquired the property and sold it to George McCabe, founder of a Boston investment firm for $ 6.453 million in 2011. (George McCabe) .
Location: Los Angeles
Value: Bought for $ 17 million in December 2012, with a current estimated value of $ 22.3 million (real estate website Zillow estimates, same below) span>
Residential information: 20,248 square feet (about 1881 square meters) , 7 bedrooms, 3 bathrooms
Public records show Musk’s revocable trust (The Elon Musk Revocable Trust) bought the mansion from hedge fund Canyon Capital Advisors co-founder Mitchell Julis. This 1.7-acre property exceeds the size of Bay Sands Country Club and includes a lighted tennis court, 5 garages, a swimming pool and spa, gym and guest area. The home is like a French country house with a wine cellar that can store 1,000 bottles of wine and a two-story library. The transaction was subsequently transferred to a limited liability company called “Caristo” (Callisto) , which has a presence with Musk Associated.
Location: Los Angeles
Value: Bought for $ 6.75 million in October 2013, currently estimated value is $ 7.8 million
Residential information: 2756 square feet (about 256 square meters) , 3 bedrooms, 3 bathrooms
Record information shows that Musk’s revocable trust bought the home for $ 6.75 million, well below the initial list price of $ 7.995 million. This ranch-style home is directly above Beshawan Country Club and was once owned by Wilder, who bought it for $ 314,000 in 1976. The home was subsequently transferred to a limited liability company associated with Musk. Musk’s school, Ad Astra, was founded here for his five sons, but the school’s registered address subsequently became 17 miles away, the address of a building leased by SpaceX in Hawthorne, California.
Location: Los Angeles
Value: Bought for $ 20 million in July 2015, currently estimated value is $ 20 million
Residential information: 7026 square feet (about 653 square meters) , 6 bedrooms, 8 bathrooms
Public records show that the house was built in 1954 and changed in 2009. In 1998 and 2002, it changed hands for $ 1.825 million and $ 2.49 million. Until 2015, a limited liability company called Camellia Ranch bought it for $ 20 million. Camellia Ranch’s mailing address is SpaceX headquarters, and it shares a mailbox with Musk’s family office, Succession LLC. Musk’s subordinate Jared Birchall is listed as an authorized signatory.
Location: Hillsburg, San Francisco, California
Value: Bought for $ 23.364 million in June 2017, currently estimated value is $ 27.2 million
Residential information: 16,000 square feet (about 1486 square meters) , 10 bedrooms, 9 bathrooms
Inherited from the family of the French noble descendants, the D’Gugigny, for 100 yearsThe historic mansion covers 47.4 acres and offers views of the San Francisco Bay Area. It has a swimming pool, hiking trails, and a ballroom. In 2013, the mansion was sold to the market for the first time, when the owner was 78-year-old Christian De Gourney IV. He proposed a sale condition to maintain a lifetime property in the mansion, dedicated to his life. In 2017, a Musk-linked limited liability company bought the mansion for $ 23.364 million, only about a third of the original $ 100 million list price. The only recorded renovation permit since Musk bought the mansion was in October 2018, when cabinets were replaced.
Location: Brentwood, Northern California
Value: bought for $ 3.695 million in August 2014 and sold for $ 3.925 million in August 2019
Residential information: 3000 square feet (about 279 square meters) , 4 bedrooms, 4 bathrooms
Records show that in August 2014, just one year after Musk remarried actor Lulu Riley, a Riley-linked limited liability company bought the home for $ 3.695 million. It was built in 1959 and has 4 bedrooms in a medieval modern style. In December 2019 and August 2019, this home was sold for $ 4.5 million and $ 3.925 million.
Location: Los Angeles
Value: bought for $ 4.3 million in July 2015, currently estimated value is $ 4.9 million
Residential information: 2963 square feet (about 275 square meters) , 4 bedrooms, 4 bathrooms
A Yak Goose, a limited liability company associated with Musk, bought the home for 10% more than the original offer. Photos listed for sale in 2015 show it has a brick-built courtyard, a grassy backyard overlooking the canyon, a pink brick walled bedroom, and a living room inlaid with wooden planks.
Location: Los Angeles
Value: Bought for $ 24.25 million in September 2016, currently estimated value is $ 27.3 million
Residential information: 9309 square feet