Updated Sep 11, 2026
Phillip Illoulian Acquires Beverlywood Multifamily At 1440 Rexford Dr. For $10.5M
1440 Rexford Drive
$10,500,000
$47/SF
Building Size
223,270 SF
Asset Type
—
Closing
Jul 14, 2022
About this deal
AI
A multifamily property located at 1440 Rexford Dr. in Beverlywood has been sold for a price of $10,500,000. The property consists of 17 units, with an average price per unit of $617,647. The total area of the property is 22,327 square feet, resulting in a price per square foot of $470.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 17
- Price per Unit: $617,647
- Square Footage: 22,327
- Price per Square Foot: $470
- Address: 1440 Rexford Dr.
- Market: Beverlywood
The buyer of the property is Phillip Illoulian, while the sellers are Julie Spielman and Steven Cohen. Richard Ringer and Yana Vlady represented the buyer in the deal, and Richard Ringer, James Gilb, and Mike Salerno represented the sellers.
On the Map
$10,500,000
$47/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93