Updated Oct 29, 2024
Hillcrest Asia Limited Acquires Beverly Hills SFR From @Trump For $13.5M
809 North Canon Drive, Beverly Hills, CA 90210, USA
$13,500,000
$2,500/SF
Building Size
5,400 SF
Asset Type
Industrial
Closing
Jun 10, 2019
About this deal
AI
The recently closed property transaction in Beverly Hills involved the sale of a single-family residential property at 809 N. Canon Dr. The property, which spans 5,400 square feet, was sold for a price of $13,500,000. The buyer, Hillcrest Asia Limited, acquired the property from @Trump. It is worth noting that @Trump had purchased the property in 2007 for $7 million.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,500,000
- Square Footage: 5,400
The buyer, Hillcrest Asia Limited, completed the acquisition of the property, further expanding their real estate portfolio. The seller, @Trump, successfully closed the deal, capitalizing on the property's appreciated value since its purchase in 2007.
Players
Beverly Hills Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
About $2.5K per square foot on a published $13.5M for 5,400 square feet (2019).
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93