Updated Nov 19, 2023
AKG Acquires SFR In Beverly Hills For $2.5M
2199 Summitridge Drive
$2,500,000
$877/SF
Building Size
2,849 SF
Asset Type
Co-Op
Closing
Dec 21, 2022
About this deal
AI
The property involved in the transaction is located at 2199 Summitridge Drive in Beverly Hills. It is a Single Family Residence (SFR) with a total square footage of 2,849. The property was sold for a price of $2,500,000, resulting in a price per square foot (PPSF) of $878.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,500,000
- Address: 2199 Summitridge Drive
- Market: Beverly Hills
The seller's representative in this transaction was Aaron Mejia from AKG | Christie's International Real Estate.
Players
Beverly Hills Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93