Updated Sep 9, 2024
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
About this deal
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.
On the Map
$16,083,000
$1,378/SF
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Players
Beverly Hills CRE Market Snapshot
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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