Updated Feb 3, 2025
Peter Klose Acquires Single Family Home In Beverly Hills From David Salzman For $17M
702 North Sierra Drive
$17,000,000
$1,864/SF
Building Size
9,120 SF
Asset Type
Single Family Residence
Closing
Jan 22, 2025
About this deal
AI
This single-family asset located at 702 North Sierra Drive in Beverly Hills has a sale price of $17,000,000. The property encompasses 9,120 square feet, resulting in a price per square foot of $1,864.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,000,000
- Address: 702 North Sierra Drive
- Market: Beverly Hills
- Square Footage: 9,120
- Price Per Square Foot: $1,864
- Buyer: Peter Klose
- Seller: David Salzman
- Seller's Representatives: Chantal Ahl & Jade Mills - Coldwell Banker; Drew Fenton - Carolwood Estates; Ari Afshar - Compass
Key individuals involved in this transaction include buyer Peter Klose, seller David Salzman, and multiple representatives assisting the seller. The transaction was facilitated by real estate professionals Chantal Ahl and Jade Mills of Coldwell Banker, Drew Fenton of Carolwood Estates, and Ari Afshar of Compass.
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 $17M for 9,120 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93