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Beverly Crest, Los Angeles,...

Estate Of Paul Allen Sells 120 Acres SFR In Beverly Crest For $65M
SOLD

Estate Of Paul Allen Sells 120 Acres SFR In Beverly Crest For $65M

Beverly Crest, Los Angeles, California, United States

$65,000,000

Building Size

Asset Type

Closing

Jan 3, 2022

AI

The Estate of Paul Allen, co-founder of Microsoft Corp., has sold a single-family residence located in Beverly Crest. The property spans approximately 120 acres and was sold for a price of $65,000,000. The sale was handled by brokers Jeff Hyland, Rick Hilton, and Zach Goldsmith from the real estate agency Hilton & Hyland.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $65,000,000
  • Market: Beverly Crest
  • Acres: 120

The sale of the property, owned by the Estate of Paul Allen, was facilitated by brokers Jeff Hyland, Rick Hilton, and Zach Goldsmith from Hilton & Hyland. The Estate of Paul Allen is known for being the co-founder of Microsoft Corp.

Players

Jeff Hyland

Hilton & Hyland

Broker

$597.8M

vol

10 deals

Broker

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93