SOLDDevelopment Site
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
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.
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