Nicolas Berggruen's Berggruen Institute Acquires SFR In Beverly Hills For $12.3M
Beverly Hills, California, United States
$12,300,000
$1,932/SF
Building Size
6,365 SF
Asset Type
Single Family Residence
Closing
Jan 10, 2022
AI
A single-family residential property located in Beverly Hills was recently sold for $12,300,000. The property, situated on approximately 0.9 acres of land, spans a total of 6,365 square feet. The sale price translates to a per square foot value of $1,932.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $12,300,000
- Market: Beverly Hills
- Asset Type: SFR
- Acres: 0.9
- Date: January 10, 2022
The buyer of this property is Nicolas Berggruen, who represents the Berggruen Institute. The deal was facilitated by the following brokers: Sally Forster Jones from Compass, as well as Drew Fenton and Linda May from Hilton & Hyland.
Players
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93