Updated Dec 23, 2024
Julie Wainwright Of The RealReal Sells Beverly Hills Home For $10.7M With Josh Flagg As The Broker
590 Haynes Avenue
$10,700,000
$2,377/SF
Building Size
4,500 SF
Asset Type
Single Family
Closing
Dec 19, 2024
About this deal
AI
The single-family property located at 590 Haynes Avenue in Beverly Hills has been sold for $10,700,000. Spanning 4,500 square feet on a 0.57-acre lot, the residence features five ensuite bedrooms and includes a modern Poliform kitchen. The outdoor area boasts half-acre grounds with an infinity pool and teakwood deck.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,700,000
- Address: 590 Haynes Avenue
- Market: Beverly Hills
- Square Footage: 4,500
- Price Per Square Foot: $2,378
- Seller: Julie Wainwright - The RealReal
- Broker: Josh Flagg - Compass
Julie Wainwright, the founder and former CEO of The RealReal, realized a $1 million gain on her investment from 2021 by selling her property, with Josh Flagg representing both sides of this transaction.
Players
Beverly Hills Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $10.7M for 4,500 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93