Aaron Kirman, Alexander Madrigal & Morgan Trent Sell Beverly Hills Development Site For $7.15M
SOLD
$6,950,000
California
See Similar DealsDevelopment Site28,439 SF
Sold 05/20/2021
SOLD
Aaron Kirman, Alexander Madrigal & Morgan Trent Sell Beverly Hills Development Site For $7.15M
1077 North Hillcrest Road, Beverly Hills, CA 90210
See Similar DealsDevelopment Site28,439 SF
Sold 05/20/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$244
Total Square Footage:28,439 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$370,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,691.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,946.55
Annual Debt Service$395,358.55
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