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Berggruen Holdings Acquires SFR In Beverly Hills For $47M

Property Image
SOLD
$47,000,000
Zizi Pak
John Gould
Anthony Marguleas
+ 3

California

See Similar Deals
Single Family Residence
Sold 08/20/2021
the dealplayerscompscontact
Property Image
SOLD

Berggruen Holdings Acquires SFR In Beverly Hills For $47M

Beverly Hills, CA, USA

See Similar Deals
Single Family Residence
Sold 08/20/2021
Zizi Pak
John Gould
Anthony Marguleas
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Sale

Berggruen Holdings has acquired a single-family residence (SFR) property in Beverly Hills for a sale price of $47,000,000. The transaction took place on 08/20/2021 and involved the seller, Leonard Ross. The property is located in the Beverly Hills market.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $47,000,000
  • Seller: Leonard Ross
  • Market: Beverly Hills

The deal was facilitated by several brokers. Anthony Marguleas from Amalfi Estates, Gary Gold, Drew Fenton, and Linda May from Hilton & Hyland, as well as Zizi Pak and John Gould from Rodeo Realty were the brokers involved in the transaction.

Players

Drew Fenton
Carolwood Estates
Drew Fenton
36 deals$1.3B volume
BROKER
Linda May
Carolwood Estates
Linda May
14 deals$557.5M volume(310) 435-5932
BROKER
Gary Gold
Hilton & Hyland
Gary Gold
2 deals$197M volume
BROKER
Anthony Marguleas
Anthony Marguleas
4 deals$83M volume
BROKER
Zizi Pak
Rodeo Realty
Zizi Pak
1 deal$47M volume
BROKER
John Gould
Rodeo Realty
John Gould
1 deal$47M volume
BROKER

Details

SOLD
IMAGE: Anthony Marguleas, Drew Fenton, Gary Gold, Linda May, Zizi Pak & John Gould DATE: 08/20/2021 MARKET: Beverly Hills ASSET TYPE: SFR BUYER: Berggruen Holdings SELLER: Leonard Ross BROKERS: Anthony Marguleas - Amalfi Estates; Gary Gold, Drew Fenton & Linda May - Hilton & Hyland; Zizi Pak & John Gould - Rodeo Realty SALE PRICE: $47,000,000

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

$2,506,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$166,981.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$222,803.98
Annual Debt Service$2,673,647.74