Solomon Ganz & Aaron Kirman Group Sell Beverly Hills SFR For $16.1M
SOLD
$16,083,000
California
See Similar Deals11,667 SF
Sold 03/11/2022
SOLD
Solomon Ganz & Aaron Kirman Group Sell Beverly Hills SFR For $16.1M
1296 Monte Cielo Drive, Beverly Hills, California 90210, United States
See Similar Deals11,667 SF
Sold 03/11/2022
Summary
CALIFORNIA
Price Per Square Foot:$1,378
Total Square Footage:11,667 SF
Transaction Type:Sale
A single-family residential property located at 1296 Monte Cielo Dr. in Beverly Hills has been sold for a total price of $16,083,000. The property spans 11,667 square feet, resulting in a price per square foot of $1,378. The transaction took place on the date of 03/11/2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $16,083,000
- Address: 1296 Monte Cielo Dr.
- Market: Beverly Hills
- Square Footage: 11,667
- Price per Square Foot: $1,378
The sale of this property was facilitated by two brokers. Solomon Ganz from Keller Williams Commercial and Aaron Kirman from Aaron Kirman Group represented the involved parties in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$857,760.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,139.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,241.63
Annual Debt Service$914,899.50
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