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Beverly Hills, CA, USA

Max Nobel's Nobel Development Group Acquires Gene Simmons' $16M SFR In Beverly Hills
SOLDSingle Family

Max Nobel's Nobel Development Group Acquires Gene Simmons' $16M SFR In Beverly Hills

Beverly Hills, CA, USA

$16,000,000

$1,000/SF

Building Size

16,000 SF

Asset Type

Single Family

Closing

Sep 24, 2021

AI

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

Matthew Altman

Douglas Elliman

Broker

$512.6M

vol

34 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93