Updated Dec 19, 2023
Michael And Lydia Kives Acquire SFR In Beverly Hills For $12.7M Through Kurt Rappaport And Bryce Pennel
1170 Loma Linda Drive, Beverly Hills, CA, USA
$12,700,000
$1,895/SF
Building Size
6,700 SF
Asset Type
Single Family Residence
Closing
May 17, 2021
About this deal
AI
The property asset involved in this transaction is a single-family residence (SFR) located at 1170 Loma Linda Dr in Beverly Hills. The property spans approximately 6,700 square feet and was sold for a total of $12,700,000, resulting in a price per square foot of $1,895.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $12,700,000
- Square Footage: 6,700
- Address: 1170 Loma Linda Dr
- Market: Beverly Hills
In this deal, the buyers were Michael and Lydia Kives, while the sellers were Ted Waitt and Michelle Merkin. Representing the buyers was Kurt Rappaport from Westside Estate Agency, and representing the sellers was Bryce Pennel from Compass.
On the Map
$12,700,000
$1,895/SF
Single Family Residence
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Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $12.7M for 6,700 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93