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Beverly Hills, CA, USA

Nicole Richie & Joel Madden Acquire Beverly Hills SFR For $10.2M
SOLDSingle Family

Nicole Richie & Joel Madden Acquire Beverly Hills SFR For $10.2M

Beverly Hills, CA, USA

$10,200,000

$1,654/SF

Building Size

6,165 SF

Asset Type

Single Family

Closing

Sep 2, 2021

AI

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

Drew Fenton

Carolwood Estates

Broker

$1.3B

vol

36 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93