Updated Oct 29, 2024
9300 Wilshire LLC Acquires Multifamily Property In Beverly Hills For $4M
346 North Maple Drive, Beverly Hills, CA, USA
$4,000,000
$750/SF
Building Size
5,330 SF
Asset Type
MultiFamily
Closing
Sep 11, 2019
About this deal
AI
A multifamily property located at 346 N. Maple Drive in the prestigious Beverly Hills area of Los Angeles has been sold in a recent transaction. The property is situated in the 90210 zip code and offers a total of 8 units. The sale was facilitated by Jonathan Taksa of Taksa Investment Group.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $4,000,000
- Square Footage: 5,330
- Price per Square Foot: $750.47
- Number of Units: 8
- Price per Unit: $500,000
- Buyer: 9300 Wilshire LLC
- Seller: Maple Drive Apartments LLC
The transaction took place on September 12, 2019, and the buyer, 9300 Wilshire LLC, acquired the property in an all-cash deal. The buyer went non-contingent upon acceptance of the offer, indicating confidence in the investment. Three out of the eight units were vacant at the time of the sale, presenting opportunities for the buyer to lease them out and generate income.
Beverly Hills 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93