Updated Oct 28, 2024
George Chamoun Acquires Mixed-use Property In Beverly Hills For $8.5M
9549 Wilshire Boulevard, Beverly Hills, CA, USA
$8,500,000
$1,734/SF
Building Size
4,900 SF
Asset Type
Mixed-use
Closing
May 2, 2021
About this deal
AI
The mixed-use property located at 9549-9551 Wilshire Blvd. in Beverly Hills was recently sold in a closed transaction. The property includes 4,900 square feet of space and was sold for a price of $8,500,000, resulting in a price per square foot of $1,734. The transaction took place on May 3, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,500,000
- Address: 9549-9551 Wilshire Blvd.
- Market: Beverly Hills
- Square Footage: 4,900
The buyer of the property was George Chamoun, while the seller was Ascot Chang USA. The transaction was facilitated by brokers Devin Klein, Houman Mahboubi, Marc Schillinger, and Tim Kuruzar from JLL. The property had an asking price of $10,500,000 before being sold at $8,500,000.
On the Map
$8,500,000
$1,734/SF
Mixed-use
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Players
Beverly Hills Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93