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Roddy Ricch purchases $5.6M...

Roddy Ricch Acquires Beverly Hills SFR For $5.6M With Broker Stephen Sweeney (SGS Estates)
SOLD

Roddy Ricch Acquires Beverly Hills SFR For $5.6M With Broker Stephen Sweeney (SGS Estates)

$5,600,000

Building Size

Asset Type

Closing

Dec 20, 2021

AI

An SFR property with 0.87 acres of land located in the Beverly Hills market has been sold in December 2021. The property, with a total square footage of 3,456, was sold for a price of $5,600,000, resulting in a price per square foot of $1,620.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $5,600,000
  • Market: Beverly Hills
  • Acres: 0.87

The buyer of the property is Roddy Ricch, a well-known rapper and artist. The transaction was facilitated by broker Stephen Sweeney from SGS Estates, who represented Oak Brook Realty.

Players

Stephen Sweeney

The Beverly Hills Estates

Broker

$68.1M

vol

8 deals

Broker

Roddy Ricch

Buyer

$10.6M

vol

2 deals

Buyer

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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93