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.
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