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Beverly Hills, California, ...

Jeff Bezos & Mike Caren - Beverly Hills Single Family Sold For $37M
SOLDSingle Family Residence

Jeff Bezos & Mike Caren - Beverly Hills Single Family Sold For $37M

Beverly Hills, California, United States

$37,000,000

$3,363,636/SF

Building Size

11 SF

Asset Type

Single Family Residence

Closing

Sep 11, 2022

AI

Located in Beverly Hills, California, this single-family property sits on a spacious 2.03-acre lot. The transaction took place on November 9, 2022, involving notable individuals Jeff Bezos and Mike Caren. The property spans 11,891 square feet and was sold for a significant amount of $37,000,000, resulting in a price per square foot of $3,112. The seller in this deal was the California Community Foundation.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $37,000,000
  • Acres: 2.03

Mike Caren emerged as the buyer in this high-profile transaction. Serving as the representative of the buyer, Mike Caren's involvement adds prominence to the deal. Meanwhile, the California Community Foundation acted as the seller. This sale represents a significant transaction in the Beverly Hills real estate market.

Players

CF
California Community FoundationSeller

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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