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Lilly Tartikoff & Bruce Karatz Sell Beverly Hills Home For $27 Million With Drew Fenton As Seller's Representative

Property Image
SOLD
$27,000,000
Jack Harris
Drew Fenton
Michael Fahimian

California

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Single Family10,554 SF
Sold 03/17/2025
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Property Image
SOLD

Lilly Tartikoff & Bruce Karatz Sell Beverly Hills Home For $27 Million With Drew Fenton As Seller's Representative

620 North Beverly Drive

See Similar Deals
Single Family10,554 SF
Sold 03/17/2025
Jack Harris
Drew Fenton
Michael Fahimian
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,558
Total Square Footage:10,554 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family home located at 620 North Beverly Drive in Beverly Hills. The sale was completed on March 17, 2025, and the transaction amount was $27,000,000.00. The residence spans 10,554 square feet.

Summary of transaction details:

This transaction involved notable individuals in the real estate sector, with Drew Fenton representing the sellers, Lilly Tartikoff and Bruce Karatz. On the buyer's side, Jack Harris and Michael Fahimian acted as the representatives, facilitating the sale of the property.

Players

Drew Fenton
Carolwood Estates
Drew Fenton
36 deals$1.3B volume
BROKER
Michael Fahimian
Michael Fahimian
24 deals$332.4M volume
BROKER
Jack Harris
The Beverly Hills Estates
Jack Harris
27 deals$387.1M volume
BROKER

Details

SOLD
IMAGE: Drew Fenton, Bruce Karatz, Michael Fahimian, Lilly Tartikoff & Jack Harris DATE: 03/17/2025 ADDRESS: 620 North Beverly Drive MARKET: Beverly Hills ASSET TYPE: Single Family ~ ACRES: 0.82 SELLER: Lilly Tartikoff & Bruce Karatz BUYER'S REP: Jack Harris (@JackHarris) & Michael Fahimian (@MFahimian) - The Beverly Hills Estates (@TheBeverlyHillsEstates) SELLER'S REP: Drew Fenton (@Drew.Fenton) - Carolwood Estates (@CarolwoodRealEstate) SALE PRICE: $27,000,000 SF: 10,554 ~ PPSF: $2,558 NOTE: Former KB Home CEO Bruce Karatz sold his 10,554-square-foot Beverly Hills mansion for $27M, 17% below the original $32.5M asking price. Carolwood Estates’ Drew Fenton listed the property, while The Beverly Hills Estates’ Jack Harris and Michael Fahimian represented the buyer, a Westlake Village-based LLC.

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

$1,440,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30