Eliyahu Appel Of Marcus & Millichap Sells Multifamily Asset In Beverly Hills For $2.41M
159 North Arnaz Drive
$2,410,000
$589/SF
Building Size
4,089 SF
Asset Type
MultiFamily
Closing
Jun 21, 2024
AI
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.
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
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93