Jerry Lorenzo Of Fear Of God Buys Beverly Hills Property For $20M
9051 Briarcrest Lane
$20,000,000
Building Size
—
Asset Type
Single Family
Closing
Dec 29, 2023
AI
The property located at 9051 Briarcrest Lane in Beverly Hills spans across 1.23 acres. The transaction involved the sale of a single-family home featuring a skylit kitchen, glass-walled gym, tennis court, and a 52-foot swimming pool. The property was purchased by Jerry Lorenzo of Fear of God for $20,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $20,000,000
- Buyer: Jerry Lorenzo - Fear of God
- Buyer's Representative: Tyrone McKillen - Official
- Seller's Representatives: Jonathan Nash & Stephen Resnick - Carolwood Estates
Jerry Lorenzo, the founder of the unconventional streetwear brand Fear of God, made the purchase as an addition to his real estate portfolio. Lorenzo and his wife, who have been residents of Los Feliz since 2018, have acquired this contemporary residence above Beverly Hills. The property boasts modern amenities, reflecting Lorenzo's taste for luxury and stylish living.
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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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93