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Mark Wahlberg & Rhea Durham...

Mark Wahlberg Sells Beverly Hills Single Family Property For $55M With Buyer's Rep Ginger Glass & Seller's Reps Carl Gambino And Kurt Rappaport
SOLDSingle Family

Mark Wahlberg Sells Beverly Hills Single Family Property For $55M With Buyer's Rep Ginger Glass & Seller's Reps Carl Gambino And Kurt Rappaport

$55,000,000

$1,803/SF

Building Size

30,500 SF

Asset Type

Single Family

Closing

Feb 17, 2023

AI

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.

Players

Ginger Glass

Compass

Broker

$391.1M

vol

17 deals

Broker

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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93