Sue Gross Sells Single Family Asset In Beverly Hills, CA For $23.25M
SOLD
$23,250,000
California
See Similar DealsSingle Family5,300 SF
Sold 11/07/2022
SOLD
Sue Gross Sells Single Family Asset In Beverly Hills, CA For $23.25M
Single Family5,300 SF
Sold 11/07/2022
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$4,386
Total Square Footage:5,300 SF
Transaction Type:Sale
A single-family home in Beverly Hills, CA has been sold for $23,250,000. The property, spanning 5,300 square feet, was listed by Sue Gross. The sale was facilitated by two broker teams: Josh & Matt Altman of The Altman Brothers and Tracy Tutor of Douglas Elliman. With a price per square foot of $4,387, this property offers a prestigious investment opportunity in the highly sought-after Beverly Hills market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,250,000
- Market: Beverly Hills, CA
The Altman Brothers, represented by Josh & Matt Altman, along with Tracy Tutor from Douglas Elliman, facilitated the sale of the property on behalf of Sue Gross. By leveraging their expertise in the Beverly Hills real estate market, these brokers were able to secure a successful transaction for their client. This sale showcases the trust that sellers place in the Altman Brothers and Douglas Elliman to navigate the high-end real estate market in Beverly Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,240,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$82,602.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,216.86
Annual Debt Service$1,322,602.34
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