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722 North Elm Drive

Real Estate Investors Purchase Beverly Hills Estate From Sam Delug For $17 Million
SOLDSingle Family

Real Estate Investors Purchase Beverly Hills Estate From Sam Delug For $17 Million

722 North Elm Drive

$17,000,000

$1,875/SF

Building Size

9,063 SF

Asset Type

Single Family

Closing

Mar 20, 2024

AI

A single-family estate located on North Elm Drive in Beverly Hills has been sold for $17 million. The property spans 9,063 square feet and sits on 0.51 acres, with a price per square foot of $1,876. The estate has a historical significance as it was the scene of the infamous Menendez brothers' murder case.

Summary of transaction details:

The estate has been acquired by real estate investors based in Los Angeles who are currently engaging in extensive renovations. This transaction has attracted public interest again, particularly due to recent Netflix documentaries that have highlighted the Menendez case.

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