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Peter Klose Acquires Single Family Home In Beverly Hills From David Salzman For $17M

Property Image
SOLD
$17,000,000
Drew Fenton
Jade Mills
+ 1

California

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Single Family Residence9,120 SF
Sold 01/22/2025
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Property Image
SOLD

Peter Klose Acquires Single Family Home In Beverly Hills From David Salzman For $17M

702 North Sierra Drive

See Similar Deals
Single Family Residence9,120 SF
Sold 01/22/2025
Drew Fenton
Jade Mills
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,864
Total Square Footage:9,120 SF
Transaction Type:Sale

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:

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

Drew Fenton
36 deals$1.3B volume
BROKER

Jade Mills
Coldwell Banker
21 deals$683.2M volume(310) 285-7508
BROKER

Ari Afshar
Compass
17 deals$113.8M volume
BROKER

Chantal Ahl
Coldwell Banker
1 deal$17M volume
BROKER

Details

SOLD
IMAGE: Chantal Ahl, Jade Mills, Drew Fenton & Ari Afshar DATE: 01/22/2025 ADDRESS: 702 North Sierra Drive MARKET: Beverly Hills ASSET TYPE: Single Family BUYER: Peter Klose SELLER: David Salzman SELLER'S REP: Chantal Ahl (@ChantalAhl) & Jade Mills (@JadeMillsEstates) - Coldwell Banker (@ColdwellBanker); Drew Fenton (@Drew.Fenton) - Carolwood Estates (@CarolwoodRealEstate); Ari Afshar (@AriAfsharRE) - Compass (@Compass) SALE PRICE: $17,000,000 SF: 9,120 ~ PPSF: $1,864

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08