Updated Dec 21, 2023
Laurie Hudson & Skye Lamb Acquire Multifamily Property In North Beverly Park For $27M
31 Beverly Park Terrace, Beverly Hills, CA 90210, USA
$27,000,000
$1,758/SF
Building Size
15,355 SF
Asset Type
MultiFamily
Closing
May 25, 2020
About this deal
AI
Located in North Beverly Park, the multifamily property at 31 Beverly Park Ter. has recently been sold. The deal, which took place on 05/25/2021, was facilitated by brokers Laurie Hudson and Skye Lamb of SkyeEstates. The property boasts a spacious 15,355 square feet, with an asking price of $27,900,000. The final sale price, however, was slightly lower, at $27,000,000. This translates to a price per square foot (PPSF) of $1,758.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Address: 31 Beverly Park Ter.
- Market: North Beverly Park
- Brokers: Laurie Hudson & Skye Lamb
- SF: 15,355
- PPSF: $1,758
The successful sale of this multifamily property highlights the expertise and professionalism of Laurie Hudson and Skye Lamb from SkyeEstates. Their diligent efforts led to a significant deal in the North Beverly Park market. We congratulate them on this successful transaction.
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93