About This Single Family in Los Angeles, CA
This 6 bedroom, 8 bathroom single family is located in Los Angeles, CA. The property spans 7,000 square feet of living space on a 148,104 square foot lot. The property sold for $20,000,000, placing it in the ultra-luxury segment of the market.
Elon Musk's home. The business magnate who co-founded Tesla, SpaceX, and PayPal bought this Bel Air home for $20 million in an all-cash off-market deal in 2015 from James McKenzie, a son of private equity mogul Richard McKenzie.
The 3.4 acre estate includes a house which has 6 bedrooms and 8 bathrooms in approximately 7,000 square feet, eight-car garage, a pool and views of the city and the mountains. It was originally built in the 1950s but was significantly expanded and remodeled in the 2000s.
Musk sold the house for $21 million in 2021.
Real Estate in Los Angeles, CA
California is one of the most expensive real estate markets in the United States, driven by high demand in coastal cities like Los Angeles, San Francisco, and San Diego. Limited land for development, strict zoning regulations, desirable weather, and a concentration of high-paying technology and entertainment jobs create persistent upward pressure on prices. The state offers diverse property types from beachfront homes and hillside estates to Central Valley farmhouses, with internal price variation that is among the largest of any state.
What Determines Value in the Ultra-luxury Segment
In the ultra-luxury price range where this single family in Los Angeles sits, buyers are typically weighing a specific set of trade-offs. Ultra-luxury real estate operates by different rules than the broader market. Buyers at this price point are generally purchasing on the strength of specific features — waterfront, views, architectural significance, or historical provenance — that cannot be replicated elsewhere, rather than making purely financial decisions.
Properties like this single family in Los Angeles are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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