Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,852,000
- Address: 236 South Reeves Drive
- Market: Beverly Hills
- Square Footage: 4,073
- Price per Square Foot: $700
- Buyer's Rep: Bennett Hirsch & Josephine Amin - The Agency
- Seller's Rep: Michael Gilbert - Coldwell Banker
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.
On the Map
$2,852,000
$700/SF
MultiFamily
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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
5.56%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93