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253 South Elm Drive

Justin Seigel Of ADR Preferred Business Properties Represents Sale Of Beverly Hills Multifamily For $2.65M
SOLDMultiFamily

Justin Seigel Of ADR Preferred Business Properties Represents Sale Of Beverly Hills Multifamily For $2.65M

253 South Elm Drive

$2,650,000

$654/SF

Building Size

4,049 SF

Asset Type

MultiFamily

Closing

Mar 28, 2025

AI

The property involved in this transaction is a multifamily asset located at 253 South Elm Drive in Beverly Hills. The sale was finalized at a price of $2,650,000, encompassing a total of 4 units. The overall square footage of the property is 4,049, resulting in a price per unit of $662,500 and a price per square foot of $654.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Units: 4
  • Square Footage: 4,049
  • Price Per Unit: $662,500
  • Price Per Square Foot: $654
  • Address: 253 South Elm Drive
  • Market: Beverly Hills

The brokers involved in the transaction are Justin Seigel from ADR Preferred Business Properties and Karla Cisneros, representing the interests of the parties in the deal.

Players

Justin Seigel

ADR Preferred Business Properties

Broker

$29.5M

vol

13 deals

Broker

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93