facebook
Traded Co logo
Submit

Abdul Sayed Acquires Development Site In Beverly Hills For $2.15M

Property Image
SOLD
$2,150,000
Andrew Manning
Davis Saadian
LB

California

See Similar Deals
Development Site2,105 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Abdul Sayed Acquires Development Site In Beverly Hills For $2.15M

2332 Coldwater Canyon Drive

See Similar Deals
Development Site2,105 SF
Sold
Andrew Manning
Davis Saadian
LB
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$1021
Total Square Footage:2105 SF
Transaction Type:Sale

A development site located at 2332 Coldwater Canyon Dr in Beverly Hills, CA has been sold for a price of $2,150,000. The property has a total square footage of 2,105 and a price per square foot of $1,021. The sale includes an entitlement to build up to 17,359 square feet, with a price per buildable square foot of $124.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,150,000
  • Address: 2332 Coldwater Canyon Dr, Beverly Hills, CA
  • Market: Beverly Hills, CA

The buyer of the property is Abdul Sayed, while the seller is Lida Badii. The deal was facilitated by brokers Davis Saadian from Compass and Andrew Manning from Berkshire Hathaway HomeServices California.

Players

Davis Saadian
Carolwood Estates
Davis Saadian
17 deals$86.6M volume(310) 909-5500
BROKER
Andrew Manning
Berkshire Hathaway HomeServices
Andrew Manning
4 deals$10M volume
BROKER
LB
Lida Badii
3 deals$6.5M volume
BROKER

Details

SOLD
IMAGE: Davis Saadian & Andrew Manning DATE: 11/30/2022 ADDRESS: 2332 Coldwater Canyon Dr MARKET: Beverly Hills, CA ASSET TYPE: Development Site BUYER: Abdul Sayed SELLER: Lida Badii BROKERS: Davis Saadian (@DavisSaadian) - Compass (@Compass) (@CompassCalifornia); Andrew Manning (@AndrewManningRE) - Berkshire Hathaway HomeServices California (@BHHSCalifornia) ASKING PRICE: $2,150,000 SALE PRICE: $2,150,000 BSF: 17,359 ~ PPBSF: $124 SF: 2,105 ~ PPSF: $1,021

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16