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Estate Of Paul Allen Sells Beverly Hills Single Family Property To Randall Van Wolfswinkel For $45M

Property Image
SOLD
$45,000,000

California

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Single Family Residence24 SF
Sold 02/03/2023
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Property Image
SOLD

Estate Of Paul Allen Sells Beverly Hills Single Family Property To Randall Van Wolfswinkel For $45M

Beverly Hills, California, United States

See Similar Deals
Single Family Residence24 SF
Sold 02/03/2023
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,875,000
Total Square Footage:24 SF
Transaction Type:Sale

The single-family property located in Beverly Hills has been sold in a closed transaction. The sale took place on 03/02/2023 and the property spans 3.24 acres. The property was previously owned by the Estate of Paul Allen and the buyer is Randall Van Wolfswinkel. The transaction was completed for a sale price of $45,000,000. The property has a total area of 24,370 square feet, resulting in a price per square foot of $1,847.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $45,000,000
  • Market: Beverly Hills
  • Acres: 3.24
  • Seller: Estate of Paul Allen
  • Buyer: Randall Van Wolfswinkel
  • Square Feet: 24,370
  • Price per Square Foot: $1,847

In this closed transaction, Randall Van Wolfswinkel acquired the property from the Estate of Paul Allen. The property, located in Beverly Hills, spans over 3.24 acres. The buyer and seller in this transaction are represented by their respective agents.

Players

2 deals$78.8M volume
BUYER

Details

SOLD
IMAGE: Paul Allen DATE: 03/02/2023 MARKET: Beverly Hills ASSET TYPE: Single Family ~ ACRES: 3.24 BUYER: Randall Van Wolfswinkel (@randallvanwolfswinkel) SELLER: Estate of Paul Allen (@paulallenhomes) SALE PRICE: $45,000,000 SF: 24,370 ~ PPSF: $1,847

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50