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1489 Carla Ridge, Beverly H...

Record Breaking Trousdale Estates Sale: 1489 Carla Rdg SFR In Beverly Hills Sells For $10.2M
SOLDSingle Family Residence

Record Breaking Trousdale Estates Sale: 1489 Carla Rdg SFR In Beverly Hills Sells For $10.2M

1489 Carla Ridge, Beverly Hills, CA, USA

$10,200,000

$2,303/SF

Building Size

4,428 SF

Asset Type

Single Family Residence

Closing

Dec 1, 2020

AI

Located in Beverly Hills, the property at 1489 Carla Rdg is a single-family residential (SFR) asset that recently changed hands in a sale transaction. The transaction was facilitated by Drew Jacobson and Adam Bachenheimer from Californian Estates. The property was listed with an asking price of $10,999,000 and ultimately sold for $10,200,000. With a size of 4,428 square feet, the price per square foot (PPSF) stood at $2,303. It's worth noting that this sale set a record for the highest price per square foot in Trousdale Estates for a non-renovated home.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $10,200,000
  • Address: 1489 Carla Rdg
  • Market: Beverly Hills

In this deal, the sellers were represented by Drew Jacobson and Adam Bachenheimer from Californian Estates, showcasing their expertise in the real estate market. The successful sale highlights their ability to negotiate and secure a significant sale price for the property in question.

Players

Drew Jacobson

Californian Estates

Broker

$22.6M

vol

4 deals

Broker

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93