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:
- Property Type: Single Family
- Transaction Amount: $17,000,000
- Address: North Elm Drive, Beverly Hills
- Square Footage: 9,063
- Price Per Square Foot: $1,876
- Seller: Sam Delug
- Brokers: Amy Vertun & Jordana Leigh - Rodeo Realty
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
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