Estate Of Paul Allen Sells 120 Acres SFR In Beverly Crest For $65M
SOLD
$65,000,000
+ 1
California
See Similar DealsSold
SOLD
Estate Of Paul Allen Sells 120 Acres SFR In Beverly Crest For $65M
Beverly Crest, Los Angeles, California, United States
See Similar DealsSold
+ 1
Summary
CALIFORNIA
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$230,931.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,133.16
Annual Debt Service$3,697,597.94
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