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Douglas Elliman & Compass b...

Flea Acquires Beverly Hills SFR From Adam & Jessica Goodman For $14M
SOLD

Flea Acquires Beverly Hills SFR From Adam & Jessica Goodman For $14M

$14,000,000

Building Size

Asset Type

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

Matthew Altman

Douglas Elliman

Broker

$512.6M

vol

34 deals

Broker

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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