Updated Oct 29, 2024
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
About this deal
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.
On the Map
$16,000,000
$1,000/SF
Single Family
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Players
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