Kevin Corbett Acquires Multifamily Property In Beverly Hills For $11.4M
110 South Swall Drive, Beverly Hills, California 90211, United States
$11,400,000
$550/SF
Building Size
20,712 SF
Asset Type
MultiFamily
Closing
May 16, 2022
AI
The multifamily property located at 110-12 S. Swall Drive in Beverly Hills has been sold for a total of $11,400,000. The transaction took place on 05/17/2022 and involved 21 units with an average price per unit of $542,857. The total square footage of the property is 20,712, with a price per square foot of $550.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Units: 21
- Price per Unit: $542,857
- Square Footage: 20,712
- Price per Square Foot: $550
- Address: 110-12 S. Swall Drive
- Market: Beverly Hills
Kevin Corbett purchased the property from Raymond Homicz. The transaction was facilitated by Taylor Avakian and Charles Wright from Matthews Real Estate Investment Services.
Players
Beverly Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93