Updated Sep 9, 2024
Louis Bell Acquires SFR In Beverly Hills Post Office For $12M
Beverly Hills, California, United States
$12,000,000
$3,510/SF
Building Size
3,418 SF
Asset Type
Single Family Residence
Closing
Jun 22, 2020
About this deal
AI
Louis Bell has recently purchased a single-family home in Beverly Hills Post Office for $12,000,000. The property, which spans 6,735 square feet, was sold by Bernd Brust. The sale took place on June 22, 2021, making this a closed transaction in the market.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $12,000,000
- Market: Beverly Hills Post Office
- Buyer: Louis Bell
- Seller: Bernd Brust
- Brokers: James Harris - The Agency, Josh Flagg - Rodeo Realty, Mark Rutstein & Charles Black - Compass
- Square Footage: 6,735
- Price per Square Foot: $1,781
The deal involved several notable individuals and companies. James Harris from The Agency, Josh Flagg from Rodeo Realty, and Mark Rutstein and Charles Black from Compass acted as brokers in this transaction, representing the parties involved. This closed transaction highlights the thriving real estate market in the Beverly Hills Post Office area.
Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.5K per square foot on a published $12M for 3,418 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93