Mark Wahlberg Sells Beverly Hills Single Family Property For $55M With Buyer's Rep Ginger Glass & Seller's Reps Carl Gambino And Kurt Rappaport
SOLD
$55,000,000
+ 2
National
See Similar DealsSingle Family30,500 SF
Sold 02/17/2023
SOLD
Mark Wahlberg Sells Beverly Hills Single Family Property For $55M With Buyer's Rep Ginger Glass & Seller's Reps Carl Gambino And Kurt Rappaport
Single Family30,500 SF
Sold 02/17/2023
+ 2
Summary
Asset Type:Single Family
Price Per Square Foot:$1,803
Total Square Footage:30,500 SF
Transaction Type:Sale
Mark Wahlberg and Rhea Durham have sold their single-family property situated on a sprawling 6.14-acre lot in the exclusive Beverly Hills market. The property offers a generous 30,500 square feet of space, providing ample room for luxurious living. The transaction took place on February 17, 2023, with the property being sold for a substantial sum of $55,000,000. This translates to a price per square foot of $1,803, highlighting the desirability and prestige associated with this estate.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $55,000,000
- Acres: 6.14
- Date: February 17, 2023
- Market: Beverly Hills
- Square Feet: 30,500
- Price Per Square Foot: $1,803
The buyer's representative, Ginger Glass from Compass, played a crucial role in facilitating the transaction on behalf of the undisclosed buyer. On the seller's side, Carl Gambino from Compass and Kurt Rappaport from Westside Estate Agency acted as the seller's representatives, ensuring a smooth and successful deal. Their expertise and negotiation skills contributed to the favorable outcome of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,403.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$260,728.06
Annual Debt Service$3,128,736.72
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