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722 North Elm Drive

Beverly Hills Mansion Linked To Menendez Brothers Murder Sells For $17M
SOLDSingle Family

Beverly Hills Mansion Linked To Menendez Brothers Murder Sells For $17M

722 North Elm Drive

$17,000,000

$1,875/SF

Building Size

9,063 SF

Asset Type

Single Family

Closing

Mar 20, 2024

AI

The property at 722 North Elm Drive in Beverly Hills, a 9,063-square-foot single-family home on 0.51 acres, was sold for $17,000,000. The sale price per square foot was $1,876. The transaction took place in March 2024. The property was previously listed for nearly $20 million but saw a price reduction before being sold. The buyer's identity has not been disclosed.

Summary of transaction details:

The sale of the Beverly Hills mansion, known for being the site where the Menendez brothers murdered their parents, closed after 28 years since their conviction. The property's transaction attracted attention due to its history and significant price reduction. The brokers involved in the deal were Amy Vertun and Jordana Leigh from Rodeo Realty.

Players

Jordana Leigh

Rodeo Realty

Broker

$88.6M

vol

6 deals

Broker

Beverly Hills Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93