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James Murdoch Buys Historic Beverly Hills Mansion From Rupert Murdoch For $30M
SOLD
$30,000,000
California
See Similar DealsSingle Family8,651 SF
Sold 03/03/2024
SOLD
James Murdoch Buys Historic Beverly Hills Mansion From Rupert Murdoch For $30M
Single Family8,651 SF
Sold 03/03/2024
Summary
Asset Type:Single Family
Price Per Square Foot:$3,467
Total Square Footage:8,651 SF
Transaction Type:Sale
The luxurious Beverly Hills property, spanning 3.3 acres, was recently sold in an off-market transaction for $30 million. The historic mansion, constructed in 1926 by architect Wallace Neff, features 11 bedrooms and nine bathrooms, with strong Hollywood ties.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Square Footage: 8,651
- Price Per Square Foot: $3,468
- Market: Beverly Hills
Media mogul Rupert Murdoch sold the property to his youngest son, James Murdoch, in this noteworthy transaction. The sale adds an interesting dimension to the Murdoch family's business and real estate ventures.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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