The Weeknd Acquires $21M Penthouse In Beverly West From Emaar Properties
Beverly West Residences, 1200 Club View Drive, Los Angeles, CA, USA
$21,000,000
$2,550/SF
Building Size
8,235 SF
Asset Type
Other
Closing
Nov 21, 2019
AI
The penthouse located at 1200 Club View Dr in Beverly West was recently sold in a closed transaction. The property is a spacious 8,235 square feet and was sold for a total price of $21,000,000, resulting in a price per square foot of $2,550. The sale took place on November 22, 2019, with the buyer being Abel Tesfaye, known as The Weeknd, and the seller being Emaar Properties.
Summary of transaction details
- Property Type: Penthouse
- Transaction Amount: $21,000,000
- Address: 1200 Club View Dr
- Market: Beverly West
- Square Footage: 8,235
- Price per Square Foot: $2,550
- Seller: Emaar Properties
- Buyer: Abel Tesfaye (The Weeknd)
- Brokers: Bill Simpson, Jeff Hyland, Susan Pekich - Hilton & Hyland, Angel Salvador - The Agency
Represented by Bill Simpson, Jeff Hyland, Susan Pekich from Hilton & Hyland, and Angel Salvador from The Agency, the transaction involved notable individuals and companies in the real estate industry. Their expertise and representation played a crucial role in the successful sale of the penthouse at 1200 Club View Dr.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93