Abdul Sayed Acquires Development Site In Beverly Hills For $2.15M
2332 Coldwater Canyon Drive
$2,150,000
$1,021/SF
Building Size
2,105 SF
Asset Type
Development Site
Closing
Nov 30, 2022
AI
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
Beverly Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93