Updated Sep 9, 2024
Aaron Kirman, Alexander Madrigal & Morgan Trent Sell Beverly Hills Development Site For $7.15M
1077 North Hillcrest Road, Beverly Hills, CA 90210
$6,950,000
$244/SF
Building Size
28,439 SF
Asset Type
Development Site
Closing
May 19, 2021
About this deal
AI
Located in Beverly Hills, a development site located at 1077 N. Hillcrest Road recently changed hands in a closed transaction. The property was sold on 05/20/2021.
Summary of transation details
- Property Type: Development Site
- Sale Price: $7,150,000
- Asking Price: $6,950,000
- Address: 1077 N. Hillcrest Road
- Market: Beverly Hills
Aaron Kirman, Alexander Madrigal, and Morgan Trent represented both the buyer and seller in the transaction.
The development site sale at 1077 North Hillcrest Road, Beverly Hills, CA 90210 in Beverly Hills, California sold for $7M in 2021. The building is 28,439 square feet, implying about 244 per square foot on the published price. Morgan Trent, Alexander Madrigal, Aaron Kirman, Christie's International Real Estate appear on the sale alongside Christie's International Real Estate, Compass. This page is the Beverly Hills, California file for the 1077 North Hillcrest Road, Beverly Hills, CA 90210 development site sold: pricing, party profiles, and other closed development site comps from the same Beverly Hills sit in the Market section below. Filter that Beverly Hills development site set by closing date to see what else sold near 1077 North Hillcrest Road, Beverly Hills, CA 90210 around 2021. Published consideration for 1077 North Hillcrest Road, Beverly Hills, CA 90210 is $7M, dated 2021. Cite this Aaron Kirman, Alexander Madrigal & Morgan Trent Sell Beverly Hills Development Site For $7.15M sale when underwriting similar development site product around Beverly Hills, California.
Players
Beverly Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93