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Will Arnett Sells Beverly Hills SFR For $7.85M With Richard Ehrlich, Jay Luchs, And Steven Schaefer As Brokers

Property Image
SOLD
$7,850,000
Steven Schaefer
Jay Luchs
+ 1

California

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Single Family
Sold 05/28/2021
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Property Image
SOLD

Will Arnett Sells Beverly Hills SFR For $7.85M With Richard Ehrlich, Jay Luchs, And Steven Schaefer As Brokers

Beverly Hills, CA, USA

See Similar Deals
Single Family
Sold 05/28/2021
Steven Schaefer
Jay Luchs
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale

Located in Beverly Hills, this single-family residence (SFR) has recently been sold for a notable price of $7,850,000. The property was sold by actor Will Arnett.

Summary of transaction details

The sale of this property in Beverly Hills highlights the involvement of key individuals and companies. The deal was overseen by Richard Ehrlich from Westside Estate Agency, alongside Jay Luchs and Steven Schaefer from the Schaefer & Luchs Team at Newmark Residential.

Players

Jay Luchs
43 deals$2B volume(310) 407-6585
BROKER

Steven Schaefer
Newmark
17 deals$258M volume(310) 528-5565
BROKER

Richard Ehrlich
Carolwood Estates
7 deals$136.8M volume(310) 968-8881
BROKER

Details

SOLD
IMAGE: Richard Ehrlich, Will Arnett, Steven Schaefer& Jay Luchs DATE: 05/28/2021 MARKET: Beverly Hills ASSET TYPE: SFR SELLER: Will Arnett BROKERS: Richard Ehrlich - Westside Estate Agency; Jay Luchs & Steven Schaefer - Schaefer & Luchs Team - Newmark Residential SALE PRICE: $7,850,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$418,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06