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1296 Monte Cielo Drive, Bev...

Solomon Ganz & Aaron Kirman Group Sell Beverly Hills SFR For $16.1M
SOLD

Solomon Ganz & Aaron Kirman Group Sell Beverly Hills SFR For $16.1M

1296 Monte Cielo Drive, Beverly Hills, California 90210, United States

$16,083,000

$1,378/SF

Building Size

11,667 SF

Asset Type

Closing

Mar 10, 2022

AI

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

Aaron Kirman

Christie's International Real Estate

Broker

$947.4M

vol

44 deals

Broker
Compass
CompassBrokerage

Beverly Hills CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93