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2332 Coldwater Canyon Drive

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

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

Davis Saadian

Carolwood Estates

Broker

$86.6M

vol

17 deals

Broker

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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93