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702 North Sierra Drive

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

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

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:

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

Carolwood Estates

Broker

$1.3B

vol

36 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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93