James Murdoch Buys Historic Beverly Hills Mansion From Rupert Murdoch For $30M
$30,000,000
$3,467/SF
Building Size
8,651 SF
Asset Type
Single Family
Closing
Mar 3, 2024
AI
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.
Players
Market 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93