The recently closed transaction in Beverly Hills involves the sale of two prime multifamily assets, located at 149 S. Palm Drive and 121 S. Crescent Drive. The properties offer a total of 12 units and a combined square footage of 13,369. The sale price for these properties amounted to $8,218,000, with a price per unit of $684,833 and a price per square foot of $614. Located within walking distance of the legendary Beverly Hills Golden Triangle, these properties present an excellent opportunity for immediate rental upside and value-add potential.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,218,000
• Units: 12
• Price Per Unit: $684,833
• Square Footage: 13,369
• Price Per Square Foot: $614

The sale was facilitated by a collaboration between various brokers. Jake Zacuto and Leor Binshtock from Zacuto Group, along with Michael Collins and Sharona Peller from Coldwell Banker Beverly Hills, represented both the buyer and the seller in this rare transaction. These properties' prime location in the prestigious Beverly Hills Golden Triangle adds further value to the deal. With immediate rental upside and the chance for renovations to increase value, this transaction presents a unique opportunity in one of the most sought-after locations in the world.