Roddy Ricch Acquires Beverly Hills SFR For $5.6M With Broker Stephen Sweeney (SGS Estates)
$5,600,000
Building Size
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Asset Type
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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
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