Belwood’s Historic Investment Opportunity
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24844 Malibu Rd.
One of our most important properties to date
The property at 24844 Malibu Road has a rich history, having been purchased by art collector and financier Richard Sachs. He hired famed architect Tadao Ando to design a custom home, which was completed in 2013. Initially listed for $73 million in April 2020, it eventually sold for $57 million in September of that year. Following some unfinished construction, the current seller has now listed the property for $39 million.
interested investors
Only $1,000 to Stake Your Claim
The Property In-Depth
"This is not just a house, this is like a picasso, cubist painting, very important and very rare"
– Richard Sachs
Tons
Beds + Baths
sq ft
Masterfully Architected
About Tadao Ando
His use of geometric forms and the interplay of light and shadow are central to his designs.
Tadao Ando is a renowned Japanese architect known for his minimalist and innovative designs. Born on September 13, 1941, in Osaka, Japan, Ando is a self-taught architect who began his career without formal training, which is relatively uncommon in the field. His work is characterized by the use of concrete, light, and space to create serene and contemplative environments. Here are some key aspects of his life and work:
Before becoming an architect, Ando worked as a boxer and a truck driver. His interest in architecture was sparked by visiting temples, shrines, and tea houses in Japan. He educated himself by reading architectural books, visiting buildings, and traveling extensively to study architecture worldwide.
Ando’s designs are noted for their simplicity and clarity, emphasizing the beauty of raw concrete and natural light. He often incorporates elements of nature into his buildings, creating a harmonious relationship between the built environment and the natural world.
Notable Works by Tadao
Church of the Light
Cerro Pelon Ranch
Row House
Jay-Z & Beyonce's Malibu Estate
Naoshima Contemporary Art Museum
Potential ROI of 100%
Acquisition
After intense negotiations, Belwood’s CEO, Bo Belmont, managed to reduce the purchase price from $39 million to an impressive $21 million, a staggering $32 million less than the original $57 million listing.
Listing Price
Price Reduced
Purchase Price
Next Steps
DoneRelease Contingencies
All contingencies have been released and we are prepared to close on this propertyPendingAccept Final Investors
We're are still accepting investments via our mobile app. Don't miss your opportunity to join in on this once in a lifetime investment.PendingProperty Restoration
Due to the current owner’s unfinished construction, the property will require approximately $5 million in renovations. Belwood plans not only to renovate the property but also to restore it to its original state as specified by Tadao Ando. Given the rarity and design mastery of this property, it is most fitting to return it to its originally designed condition. The unique materials used, many of which were imported from around the world, contribute to an estimated renovation period of 12-16 months.PendingResale
The rarity of this property makes it exceptionally valuable. Comparable homes of similar size in the area are selling in the range of $30-35 million. However, as a Tadao Ando-designed home, it will likely command a significantly higher price. A sale price of $39-40 million would yield a 100% return for our investors. Given its highly prized status, the property could potentially sell in the $40-50 million range.
Time's Running Out, Invest Now
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