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Eliyahu Appel Of Marcus & Millichap Sells Multifamily Asset In Beverly Hills For $2.41M
SOLD
$2,410,000
California
See Similar DealsMultiFamily4,089 SF
Sold 06/21/2024
SOLD
Eliyahu Appel Of Marcus & Millichap Sells Multifamily Asset In Beverly Hills For $2.41M
159 North Arnaz Drive
See Similar DealsMultiFamily4,089 SF
Sold 06/21/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$589
Total Square Footage:4,089 SF
Transaction Type:Sale
The well-maintained duplex at 159 North Arnaz Drive in prime Beverly Hills was sold for $2,410,000. Built in 1933, the property consists of two spacious three-bedroom, two-bathroom units with original Art Deco details, modern amenities, and secure 2-car garage parking.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,410,000
- Address: 159 North Arnaz Drive
- Market: Beverly Hills
- Square Footage: 4,089
- Price per Square Foot: $589
- Broker: Eliyahu Appel - Marcus & Millichap
Eliyahu Appel from Marcus & Millichap represented the parties in the sale of this duplex, which offers a desirable rental opportunity in Beverly Hills. The property's mix of historic charm and modern conveniences contributed to its attractiveness in the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$128,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,562.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,424.63
Annual Debt Service$137,095.55
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