Updated Sep 23, 2026
Jean Kasem's Beverly Hills Home Under Contract For $16 Million With David Parnes As Agent
1027 Ridgedale Drive
$16,000,000
$3,720/SF
Building Size
4,300 SF
Asset Type
Single Family
Closing
Sep 23, 2026
About this deal
AI
The single-family home located at 1027 Ridgedale Drive in Beverly Hills is currently under contract with an asking price of $16 million. This French Normandy-inspired property features a total of 4,300 square feet and was acquired by actress Jean Kasem's LLC for $10.6 million in 2023. The price per square foot for this asset amounts to $3,721.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 1027 Ridgedale Drive
- Market: Beverly Hills, CA
- Broker: David Parnes - Carolwood Estates
- Square Footage: 4,300
- Price per Square Foot: $3,721
David Parnes of Carolwood Estates serves as the listing agent for the property transaction, representing the sale of the home previously owned by Jean Kasem.
On the Map
$16,000,000
$3,720/SF
Single Family
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Beverly Hills Single Family Market Snapshot
Boundary boundary · Single Family · Undercontract 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