Flea Acquires Beverly Hills SFR From Adam & Jessica Goodman For $14M
$14,000,000
Building Size
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Asset Type
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Closing
Dec 1, 2021
AI
The recently closed property transaction in Beverly Hills involved the sale of a single-family residence (SFR) situated on a spacious 1.38-acre lot. The property, spanning 7,334 square feet, was sold for a total of $14,000,000, resulting in a price per square foot (PPSF) of $1,908. The deal took place on 12/01/2021 and was facilitated by brokers Josh Altman and Matt Altman from Douglas Elliman, Sherri Rogers and Anthony Stellini from Compass, and Arash Ehsani.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $14,000,000
- Acres: 1.38
- Square Footage: 7,334
- Price per Square Foot (PPSF): $1,908
- Buyer: Flea
- Seller: Adam & Jessica Goodman
- Brokers:
- Josh Altman & Matt Altman - Douglas Elliman
- Sherri Rogers & Anthony Stellini - Compass
- Arash Ehsani
Flea, the purchaser, acquired the SFR in Beverly Hills from the sellers, Adam and Jessica Goodman. The deal was successfully negotiated through the dedicated efforts of brokers Josh Altman and Matt Altman from Douglas Elliman, Sherri Rogers and Anthony Stellini from Compass, and Arash Ehsani. The property boasts a generous size, with 1.38 acres of land and a substantial living space of 7,334 square feet. The agreed-upon sale price of $14,000,000 reflects a PPSF of $1,908.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93