Beverly Hills SFR Sold To Tony Safoian Of Sada Systems For $25M
$25,000,000
$2,358/SF
Building Size
10,600 SF
Asset Type
Single Family Residence
Closing
Aug 21, 2023
AI
The Tuscan-style Beverly Park mansion belonging to billionaire Russell Weiner has been sold for $25 million after being on the market for three years. The buyer is Tony Safoian, the CEO of Sada Systems. The property, situated in the upscale Beverly Hills market, features 8 bedrooms, a gym, a chef's kitchen, a pool, and lush grounds. The total area of the property is 10,600 square feet, and it is situated on 1.21 acres of land.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $25,000,000
- Market: Beverly Hills
- Buyer: Tony Safoian - Sada Systems
- Seller: Rockstar Energy Drink - Russell Weiner
- Buyer's Representative: Elizabeth Friedman - Chelsea Properties
- Seller's Representative: Katelyn Byrd - Coldwell Banker
- Square Footage: 10,600
- Price per Square Foot: $2,358
Tony Safoian, the CEO of Sada Systems, has acquired the Tuscan-style mansion previously owned by Russell Weiner. Elizabeth Friedman from Chelsea Properties represented the buyer, while Katelyn Byrd from Coldwell Banker represented the seller. The transaction took place in the Beverly Hills market and reflects the growing interest in high-end properties in the area.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93