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1710 Tropical Avenue, Bever...

Justin Bieber Sells Beverly Hills SFR For $7.95M With Brokers Josh & Matt Altman, Dalton Gomez, Steven Schaefer & Jay Luchs
SOLDSingle Family Residence

Justin Bieber Sells Beverly Hills SFR For $7.95M With Brokers Josh & Matt Altman, Dalton Gomez, Steven Schaefer & Jay Luchs

1710 Tropical Avenue, Beverly Hills, CA, USA

$7,955,000

$1,297/SF

Building Size

6,132 SF

Asset Type

Single Family Residence

Closing

Feb 17, 2021

AI

Justin Bieber has sold a single-family residence located at 1710 Tropical Ave in Beverly Hills. The property was sold on February 18, 2021, for a total price of $7,955,000. With a total area of 6,132 square feet, the selling price per square foot amounts to $1,297. The transaction was facilitated by brokers Josh and Matt Altman from Douglas Elliman, Dalton Gomez from Compass, and Steven Schaefer and Jay Luchs from Schaefer & Luchs.

Summary of transaction details:

  • Property Type: Single-Family Residence
  • Transaction Amount: $7,955,000
  • Address: 1710 Tropical Ave
  • Market: Beverly Hills

The involvement of various key individuals and companies made this transaction possible. Justin Bieber served as the seller, while representing him as the broker were Josh and Matt Altman from Douglas Elliman, Dalton Gomez from Compass, and Steven Schaefer and Jay Luchs from Schaefer & Luchs. Each party played a crucial role in successfully closing the deal.

Players

Jay Luchs

Newmark

Broker

$2B

vol

43 deals

Broker

Justin Bieber

Seller

$33.8M

vol

2 deals

Seller

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

1.99%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93