Jeff Bezos Acquires Beverly Hills SFR From David Geffen For $165M
SOLD
$165,000,000
California
See Similar DealsSingle Family Residence392,040 SF
Sold 12/02/2020
SOLD
Jeff Bezos Acquires Beverly Hills SFR From David Geffen For $165M
Beverly Hills, CA, USA
See Similar DealsSingle Family Residence392,040 SF
Sold 12/02/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$420
Total Square Footage:392,040 SF
Transaction Type:Sale
Jeff Bezos and David Geffen were involved in a recent real estate transaction in Beverly Hills. The property in question is a single-family residence (SFR) situated on approximately 9 acres of land. The transaction took place on February 12, 2020.
Summary of Transaction Details:
- Property Type: SFR
- Transaction Amount: $165,000,000
- Square Footage: 392,040
- Price per Square Foot: $420
- Market: Beverly Hills
David Geffen, the seller, originally purchased the property in 1990 for $47.5 million. The buyer in this transaction was Jeff Bezos.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,800,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$586,210.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$782,184.18
Annual Debt Service$9,386,210.15
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