Updated Jan 29, 2025
Bruce Karsh Sells Beverly Crest Mansion For $38 Million To 1201 TGD Trust
Beverly Hills
$38,000,000
$6,333/SF
Building Size
6,000 SF
Asset Type
Single Family
Closing
Mar 29, 2023
About this deal
AI
Billionaire Bruce Karsh, co-founder of Oaktree Capital, sold his Beverly Crest mansion for $38,000,000 on March 29th. The estate, which had been listed since 2020 at approximately $60m, is located in the prestigious Beverly Hills market. Situated on three acres, the property boasts a 6,000 sq ft tennis court building, a cinema, a recording studio, and a golf simulation room. Designed by Michael Smith and featured in Architectural Digest, this single-family home offers luxury and sophistication.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $38,000,000
- Market: Beverly Hills
- Acres: 3
The buyer, known as 1201 TGD Trust, acquired the property from Bruce Karsh. Representing the seller was Linda May from Carolwood Estates and Joe Cilic from Sotheby's International Realty. With a spacious floor plan spanning 6,000 square feet, the property is valued at an estimated price per square foot of $6,333, showcasing its high-end features and exceptional craftsmanship. This transaction marks a significant sale in the Beverly Hills real estate market, attracting attention due to the notable individuals involved and the property's distinctive design and amenities.
On the Map
$38,000,000
$6,333/SF
Single Family
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Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $6.3K per square foot on a published $38M for 6,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93