Updated Dec 4, 2024
Philip Rinaldi Acquires Beverly Hills Multifamily For $2.865M
144 North Clark Drive
$2,865,000
$490/SF
Building Size
5,840 SF
Asset Type
MultiFamily
Closing
Oct 3, 2023
About this deal
AI
The multifamily property located at 144 North Clark Drive in Beverly Hills has been sold for a total price of $2,865,000. The property consists of 8 units with an average price per unit of $358,125. The total square footage of the property is 5,840, resulting in a price per square foot of $491.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,865,000
- Address: 144 North Clark Drive, Beverly Hills
- Market: Beverly Hills
- Units: 8
- Price Per Unit: $358,125
- Square Footage: 5,840
- Price Per Square Foot: $491
The buyer of the property is Philip Rinaldi, while the seller is Linda Sevilla. The buyer was represented by Alex Reyhan and Daniel Hirth from The Hirth Group, and the seller was represented by Sam Liberow from The Liberow Group, which is part of Marcus & Millichap Encino.
Players
Beverly Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93