Nicole Richie & Joel Madden Acquire Beverly Hills SFR For $10.2M
SOLD
$10,200,000
California
See Similar DealsSingle Family6,165 SF
Sold 09/02/2021
SOLD
Nicole Richie & Joel Madden Acquire Beverly Hills SFR For $10.2M
Beverly Hills, CA, USA
See Similar DealsSingle Family6,165 SF
Sold 09/02/2021
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,654
Total Square Footage:6,165 SF
Transaction Type:Sale
A Single Family Residence (SFR) with an area of 0.36 acres located in Beverly Hills has been sold for a price of $10,200,000. The property spans 6,165 square feet with a price per square foot of $1,654.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,200,000
- Market: Beverly Hills
- Area: 0.36 acres
- Square Footage: 6,165
- Price per Square Foot: $1,654
Nicole Richie and Joel Madden, the buyers, have acquired this property. The transaction was facilitated by brokers Drew Fenton, Justin Paul Huchel, and Brett Lawyer from Hilton & Hyland.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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