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Beverly Hills, California, ...

Nicolas Berggruen's Berggruen Institute Acquires SFR In Beverly Hills For $12.3M
SOLDSingle Family Residence

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

Drew Fenton

Carolwood Estates

Broker

$1.3B

vol

36 deals

Broker

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