Nicolas Berggruen's Berggruen Institute Acquires SFR In Beverly Hills For $12.3M
SOLD
$12,300,000
California
See Similar DealsSingle Family Residence6,365 SF
Sold 01/10/2022
SOLD
Nicolas Berggruen's Berggruen Institute Acquires SFR In Beverly Hills For $12.3M
Beverly Hills, California, United States
See Similar DealsSingle Family Residence6,365 SF
Sold 01/10/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,932
Total Square Footage:6,365 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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