Lachlan Murdoch Acquires Bel Air SFR From Jerry Perenchio For $150M
875 Nimes Rd, Bel Air, Los Angeles, CA, USA
$150,000,000
$6,000/SF
Building Size
25,000 SF
Asset Type
Single Family Residence
Closing
Dec 10, 2019
AI
A single-family residential property located at 875 Nimes Rd in Bel Air was recently sold in a closed transaction. The property spans approximately 25,000 square feet and was sold for a price of $150,000,000, which translates to a price per square foot of $6,000. The sale took place on December 11, 2019.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $150,000,000
- Address: 875 Nimes Rd, Bel Air
- Market: Bel Air
The seller of the property was Jerry Perenchio, while the buyer was Lachlan Murdoch. Several brokers were involved in the transaction representing both the buyer and the seller. Drew Fenton, Jeff Hyland, and Gary Gold represented Hilton & Hyland, Joyce Rey, Jade Mills, and Alexandra Allen represented Coldwell Banker, and Drew Gitlin and Susan Gitlin represented Berkshire Hathaway HomeServices.
Players
Los Angeles 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93