Max Nobel's Nobel Development Group Acquires Gene Simmons' $16M SFR In Beverly Hills
SOLD
$16,000,000
California
See Similar DealsSingle Family16,000 SF
Sold 09/24/2021
SOLD
Max Nobel's Nobel Development Group Acquires Gene Simmons' $16M SFR In Beverly Hills
Beverly Hills, CA, USA
See Similar DealsSingle Family16,000 SF
Sold 09/24/2021
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,000
Total Square Footage:16,000 SF
Transaction Type:Sale
The property involved in this transaction is a single-family residence (SFR) located in Beverly Hills. The sale took place on September 24, 2021, with a selling price of $16,000,000. The property spans approximately 16,000 square feet, resulting in a price per square foot of $1,000.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $16,000,000
- Market: Beverly Hills
- Buyer: Max Nobel - Nobel Development Group
- Seller: Gene Simmons
- Brokers: Josh & Matt Altman
In this sale, Max Nobel of Nobel Development Group purchased the property from Gene Simmons. The deal was facilitated by real estate brokers Josh and Matt Altman. The property's location in Beverly Hills further adds to its allure.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
Is there something missing? Send suggestions