Updated Oct 29, 2024
Rufus Hankey's Nowcom Acquires SFR In Beverly Hills For $27M
Beverly Hills, CA, USA
$27,000,000
$1,758/SF
Building Size
15,355 SF
Asset Type
Single Family
Closing
Jun 11, 2021
About this deal
AI
The SFR located in Beverly Hills was recently sold in a transaction on 06/11/2021. The property, spanning 15,355 square feet, was purchased by Rufus Hankey of Nowcom from the Estate of Sumner Redstone. The sale was facilitated by Laurie Hudson of Berskshire Hathaway HomeServices California Properties and Skye Lamb of Premier Realty Services.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $27,000,000
- Market: Beverly Hills
- Buyer: Rufus Hankey - Nowcom
- Seller: Estate of Sumner Redstone
- Brokers: Laurie Hudson - Berkshire Hathaway HomeServices California Properties; Skye Lamb - Premier Realty Services
The successful sale of this SFR in Beverly Hills highlights the involvement of key individuals and companies in the transaction. Rufus Hankey, representing Nowcom, acted as the buyer, while the Estate of Sumner Redstone served as the seller. Brokers Laurie Hudson from Berkshire Hathaway HomeServices California Properties and Skye Lamb from Premier Realty Services played important roles in facilitating the deal.
Beverly Hills Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $27M for 15,355 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93