Chris Henry Acquires Multifamily Property In Beverly Hills For $7.05M
SOLD
$7,050,000
California
See Similar DealsMultiFamily14,000 SF
Sold 03/13/2023
SOLD
Chris Henry Acquires Multifamily Property In Beverly Hills For $7.05M
301 North Rexford Drive
See Similar DealsMultiFamily14,000 SF
Sold 03/13/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$503
Total Square Footage:14,000 SF
Transaction Type:Sale
The multifamily property located at 301 North Rexford Drive in Beverly Hills has been sold in a closed transaction. The property consists of 7 units with a total square footage of 14,000. The sale price for this transaction was $7,050,000, resulting in an average price per unit of $1,007,143 and a price per square foot of $504.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,050,000
- Address: 301 North Rexford Drive, Beverly Hills
- Market: Beverly Hills
The buyer of this multifamily property is Chris Henry, while the seller is Jeff Harris. The transaction was brokered by Alex Galuz from Keller Williams.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$376,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16
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