facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

236 Reeves Drive

Bennett Hirsch & Josephine Amin Purchase Beverly Hills Multifamily For $2.85M As Buyer's Reps
SOLDMultiFamily

Bennett Hirsch & Josephine Amin Purchase Beverly Hills Multifamily For $2.85M As Buyer's Reps

236 Reeves Drive

$2,852,000

$700/SF

Building Size

4,073 SF

Asset Type

MultiFamily

Closing

May 14, 2024

AI

236 South Reeves Drive in Beverly Hills is a multifamily property that recently sold for $2.85 million. The classic Mediterranean duplex features rich period details and generous layouts, with each unit offering 3 bedrooms, 2 baths, and modern updates, making it an excellent investment or owner/user opportunity.

Summary of transaction details:

Bennett Hirsch and Josephine Amin from The Agency represented the buyer in the transaction, while Michael Gilbert from Coldwell Banker acted as the seller's representative.

Players

Josephine Amin

Broker

$12.3M

vol

5 deals

Broker

Beverly Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.56%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93