Updated Oct 29, 2024
Zad Mountain LLC Acquires Single Family Home In Beverly Hills For $40M
$40,000,000
$1,454/SF
Building Size
27,500 SF
Asset Type
Single Family
Closing
Dec 21, 2022
About this deal
AI
A single-family property located in Beverly Hills, with an image of Dean Martin, has been sold for a staggering amount of $40,000,000. The property spans over an impressive 27,500 square feet, resulting in a price per square foot of $1,455.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Market: Beverly Hills
- Image: Dean Martin
Zad Mountain LLC, represented by Shirin Akhtarzad from Lenton Properties, emerged as the buyer in this notable acquisition. On the other side, the seller was represented by Drew Fenton of Carolwood. These individuals and agencies played vital roles in facilitating the transaction.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93