Updated May 12, 2025
James Packer Acquires Beverly Hills Property For $60M From Stuart & Stephanie Liner
Beverly Hills, CA, USA
$60,000,000
$2,069/SF
Building Size
29,000 SF
Asset Type
MultiFamily
Closing
Sep 17, 2018
About this deal
AI
James Packer has purchased a property in Beverly Hills for approximately $60,000,000. The property spans 29,000 square feet, resulting in a price per square foot of $2,068. The transaction took place on September 17, 2018.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $60,000,000 (approx.)
- Market: Beverly Hills
- Sellers: Stuart & Stephanie Liner
Prior to the sale to the Liners, the property was owned by Danny DeVito for 20 years. After purchasing the property, the Liners redeveloped it before selling to James Packer.
On the Map
$60,000,000
$2,069/SF
MultiFamily
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Players
Beverly Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93