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
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93