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Beverly Hills, California, ...

Titan Golden Capital Acquires Alec Gores' Beverly Hills SFR For $70M
SOLDSingle Family Residence

Titan Golden Capital Acquires Alec Gores' Beverly Hills SFR For $70M

Beverly Hills, California, United States

$70,000,000

$1,750/SF

Building Size

40,000 SF

Asset Type

Single Family Residence

Closing

Mar 25, 2022

AI

Alec Gores has sold his estate in Beverly Hills for a staggering $70,000,000. The property is a Single Family Residence (SFR) with a total area of 40,000 square feet. The price per square foot comes to $1,750, showcasing the exclusivity of this luxurious property.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $70,000,000
  • Market: Beverly Hills

Titan Golden Capital has emerged as the buyer of this prestigious property. Alec Gores, the seller of the estate, represented himself in the deal through his company The Gores Group. The sale was facilitated by Jade Mills from Coldwell Banker Realty, who acted as the broker for the seller. On the buyer's side, the transaction was supported by Samira Gores, Christine Martin, and Tiffany Martin from The Agency.

Players

Jade Mills

Coldwell Banker

Broker

$683.2M

vol

21 deals

Broker
TC
Titan Golden CapitalBuyer

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93