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:
- 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.
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