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Kevin Corbett Acquires Multifamily Property In Beverly Hills For $11.4M

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SOLD
$11,400,000

California

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MultiFamily20,712 SF
Sold 05/17/2022
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Property Image
SOLD

Kevin Corbett Acquires Multifamily Property In Beverly Hills For $11.4M

110 South Swall Drive, Beverly Hills, California 90211, United States

See Similar Deals
MultiFamily20,712 SF
Sold 05/17/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$550
Total Square Footage:20,712 SF
Transaction Type:Sale

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

Charles Wright
10 deals$71M volume(626) 290-5965
BROKER

Taylor Avakian
Lyon Stahl Investment Real Estate
53 deals$221.3M volume(916) 996-4421
BROKER

Details

SOLD
IMAGE: Taylor Avakian & Charles Wright DATE: 05/17/2022 ADDRESS: 110-12 S. Swall Drive MARKET: Beverly Hills ASSET TYPE: Multifamily BUYER: Kevin Corbett SELLER: Raymond Homicz BROKERS: Taylor Avakian (@Taylor_Avakian) & Charles Wright (@ChuckBall16) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $11,400,000 UNITS: 21 ~ PPU: $542,857 SF: 20,712 ~ PPSF: $550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$607,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,501.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,041.82
Annual Debt Service$648,501.79