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144 North Clark Drive

Updated Dec 4, 2024

Philip Rinaldi Acquires Beverly Hills Multifamily For $2.865M
SOLDMultiFamily

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

Alex Reyhan

The Hirth Group

Broker

$190.8M

vol

51 deals

Broker

Beverly Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $490 per square foot on a published $2.9M for 5,840 square feet (2023).

Visit Sam Liberow to view all their deals.

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

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