David Archer Purchases Multifamily Asset At 308 Reeves Drive Beverly Hills For $3.65M

The property asset involved in this transaction is a multifamily building located at 308 Reeves Drive in Beverly Hills. The sale price of the asset was $3,652,000. The property comprises 8 units with a price per unit of $456,500. The total square footage of the asset is 5,606, resulting in a price per square foot of $651.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,652,000
• Units: 8
• Price Per Unit: $456,500
• Square Footage: 5,606
• Price Per Square Foot: $651
• Buyer: David Archer
• Seller: Jonathan Ketchum
• Broker: Jordan Asheghian - Lyon Stahl Investment Real Estate
• Date of Transaction: 4/16/2025
• Market: Beverly Hills
• Escrow Duration: 45 Days
• Credits Given During Escrow: No

This transaction featured key individuals such as David Archer, the buyer, and Jonathan Ketchum, the seller, who successfully completed the deal with the assistance of broker Jordan Asheghian, representing Lyon Stahl Investment Real Estate. The transaction was characterized by a smooth process and the involvement of a qualified buyer.