Updated Sep 9, 2024
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
About this deal
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
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $55M for 30,500 square feet (2023).
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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