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Post Office, Beverly Hills,...

Sofia Richie & Elliot Grainge Purchase Beverly Hills Post Office SFR For $17M
SOLDSingle Family

Sofia Richie & Elliot Grainge Purchase Beverly Hills Post Office SFR For $17M

Post Office, Beverly Hills, CA, USA

$17,000,000

$2,118/SF

Building Size

8,023 SF

Asset Type

Single Family

Closing

Aug 18, 2021

AI

The property involved in this transaction is a single-family residence (SFR) located in the Beverly Hills Post Office area. The sale took place on 08/18/2021 and was captured in an Instagram post by @Elliot & @SofiaRichie.

Summary of transaction details:

  • Property Type: SFR
  • Sale Price: $17,000,000
  • Square Footage: 8,023 sqft
  • Price per Square Foot (PPSF): $2,118
  • Market: Beverly Hills Post Office

The buyers of the property are Sofia Richie and Elliot Grainge. The deal involved several brokers representing both parties. Jeff Kohl from The Agency, Ernie Carswell and Christopher Pickett from Douglas Elliman, David Findley from The Agency (@theagencyre), and Drew Fenton from Hilton & Hyland (@hiltonhyland) were all part of the transaction.

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93