Coldwell Banker Realty Represents Buyer In $52M Sale Of Single Family Residence In Beverly Hills
$52,000,000
$1,814/SF
Building Size
28,660 SF
Asset Type
Single Family
Closing
Feb 17, 2023
AI
A single-family property located in Beverly Hills has been sold for a staggering price of $52,000,000. This expansive property spans over 9.87 acres of land, offering plenty of room for privacy and tranquility. With a total square footage of 28,660, this residence guarantees ample space for comfortable living. The average price per square foot comes out to $1,814, reflecting the luxurious nature of this transaction.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $52,000,000
- Location: Beverly Hills
- Property Size: 9.87 acres
Jade Mills from Coldwell Banker Realty acted as the buyer's representative in this notable deal, ensuring the buyer's interests were protected throughout the transaction. On the other side, Richard Klug represented the seller's interests as a representative of Sotheby's International Realty. These seasoned professionals played instrumental roles in the successful completion of the sale.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93