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301 North Rexford Drive

Chris Henry Acquires Multifamily Property In Beverly Hills For $7.05M
SOLDMultiFamily

Chris Henry Acquires Multifamily Property In Beverly Hills For $7.05M

301 North Rexford Drive

$7,050,000

$503/SF

Building Size

14,000 SF

Asset Type

MultiFamily

Closing

Mar 13, 2023

AI

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.

Players

Alex Galuz

Keller Williams Realty

Broker

$90.3M

vol

14 deals

Broker
Jeff Harris

Jeff Harris

Gelt Inc.

Seller

$246.8M

vol

7 deals

Seller

Market 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

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93