Updated Oct 29, 2024
Gary Friedman Of RH Acquires SFR In Beverly Hills For $37M
Beverly Hills, CA, USA
$37,000,000
$3,363/SF
Building Size
11,000 SF
Asset Type
Single Family Residence
Closing
Jan 13, 2020
About this deal
AI
In Beverly Hills, a single-family residence (SFR) has been sold for $37,000,000. The property spans 11,000 square feet, resulting in a price per square foot of $3,363. The transaction took place on January 13, 2020.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $37,000,000
Gary Friedman, CEO of RH (Restoration Hardware), purchased the property from Kent Kresa, former chairman of Northrop Grumman. The sale was facilitated by a team of renowned brokers, including Jade Mills from Coldwell Banker, Drew Fenton from Hilton & Hyland, and Kurt Rappaport from Westside Estate Agency.
Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $3.4K per square foot on a published $37M for 11,000 square feet (2020).
Visit Drew Fenton to view all their deals.
Browse California single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93