Adam Levine Acquires Beverly Hills SFR From Ben Affleck & Jen Garner For $33.9M
SOLD
$33,901,000
California
See Similar DealsSingle Family Residence8,800 SF
Sold 01/15/2020
SOLD
Adam Levine Acquires Beverly Hills SFR From Ben Affleck & Jen Garner For $33.9M
Beverly Hills, CA, USA
See Similar DealsSingle Family Residence8,800 SF
Sold 01/15/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,852
Total Square Footage:8,800 SF
Transaction Type:Sale
A single-family residential property located in Beverly Hills has been sold for a price of $33,901,000. The property spans across approximately 8,800 square feet, resulting in a price per square foot of $3,852. The transaction took place on January 15, 2019.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $33,901,000
- Market: Beverly Hills
- Buyer: Adam Levine
- Seller: Ben Affleck & Jen Garner
- Brokers: David Offer - Berkshire Hathaway HomeServices, Kurt Rappaport - Westside Estate Agency
The buyer of the property is Adam Levine, while the sellers are Ben Affleck and Jen Garner. The deal was facilitated by brokers David Offer from Berkshire Hathaway HomeServices and Kurt Rappaport from Westside Estate Agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,808,053.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,443.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$160,708.04
Annual Debt Service$1,928,496.43
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