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9051 Briarcrest Lane

Jerry Lorenzo Of Fear Of God Buys Beverly Hills Property For $20M
SOLDSingle Family

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:

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.

Players

Tyrone McKillen

Plus Real Estate

Broker

$138.2M

vol

7 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93