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Beverly Hills Multifamily Property Sold For $2.65 Million With Justin Seigel And Karla Cisneros

Property Image
SOLD
$2,650,000

California

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MultiFamily4,977 SF
Sold 12/20/2024
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Property Image
SOLD

Beverly Hills Multifamily Property Sold For $2.65 Million With Justin Seigel And Karla Cisneros

148 South Maple Drive

See Similar Deals
MultiFamily4,977 SF
Sold 12/20/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$532
Total Square Footage:4,977 SF
Transaction Type:Sale

The property involved in this transaction is a MultiFamily asset located at 148 South Maple Drive in Beverly Hills. The sale price for the property was $2,650,000, comprising 4 units with a price per unit of $662,500. The total square footage of the property is 4,977, resulting in a price per square foot of $532.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,650,000
  • Units: 4
  • PPU: $662,500
  • SF: 4,977
  • PPSF: $532

The deal was facilitated by brokers Justin Seigel from ADR Preferred Business Properties and Karla Cisneros. After multiple offers and with the trust and patience of the Sellers, the brokers successfully identified a Buyer interested in acquiring a Beverly Hills property to enhance their portfolio.

Players

Justin Seigel
13 deals$29.5M volume(818) 715-0965
BROKER

Karla Cisneros
4 deals$11.2M volume
BROKER

Details

SOLD
IMAGE: Justin Seigel DATE: 12/20/2024 ADDRESS: 148 South Maple Drive MARKET: Beverly Hills ASSET TYPE: MultiFamily BROKERS: Justin Seigel (@Seigel5) - ADR Preferred Business Properties (@ADRPreferredBusinessProperties) & Karla Cisneros SALE PRICE: $2,650,000 UNITS: 4 ~ PPU: $662,500 SF: 4,977 ~ PPSF: $532 NOTE FROM BROKER: After multiple offers, along with trust and patience from the Sellers, the brokers successfully targeted an exchange Buyer who was highly interested in adding a Beverly Hills property to their portfolio.

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

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22