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
About this deal
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
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