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George Clooney Sells Studio City Estate For $14.5 Million With Kurt Rappaport And Kevin Dees
SOLD
$14,500,000
California
See Similar DealsSingle Family7,354 SF
Sold
SOLD
George Clooney Sells Studio City Estate For $14.5 Million With Kurt Rappaport And Kevin Dees
Single Family7,354 SF
Sold
Summary
Asset Type:Single Family
Price Per Square Foot:$1971
Total Square Footage:7354 SF
Transaction Type:Sale
George Clooney sold his 7,354-square-foot estate located in Studio City for $14.5 million. The property spans 3.1 acres and includes six bedrooms, a pool, tennis court, and guest houses.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,500,000
- Square Footage: 7,354
- Price Per Square Foot: $1,972
- Market: Studio City
- Seller: George Clooney
- Buyer's Representative: Kevin Dees - Carolwood Estates
- Seller's Representative: Kurt Rappaport - Westside Estate Agency
The transaction saw Kevin Dees of Carolwood Estates represent the buyers while Kurt Rappaport of Westside Estate Agency handled the sale on behalf of the seller, George Clooney.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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