Ben Bacal & Drew Meyers Sell Beverly Hills SFR For $29M
53 Beverly Park, Beverly Hills, CA, USA
$29,000,000
$1,705/SF
Building Size
17,000 SF
Asset Type
Single Family Residence
Closing
Sep 1, 2021
AI
The property involved in this transaction is a single-family residence located at 53 Beverly Park in Beverly Hills. It was sold on 09/01/2021 for a price of $29,000,000. The property has a total area of 17,000 square feet, resulting in a price per square foot of $1,705. The buyer's representative in this deal was Drew Meyers from Westside Estate Agency, while the seller's representative was Ben Bacal from Rodeo Realty.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $29,000,000
- Address: 53 Beverly Park
- Market: Beverly Hills
- Buyer's Rep: Drew Meyers - Westside Estate Agency
- Seller's Rep: Ben Bacal - Rodeo Realty
- SF: 17,000
- PPSF: $1,705
Ben Bacal from Rodeo Realty represented the seller, while Drew Meyers from Westside Estate Agency represented the buyer in this transaction.
Players
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93