Updated Sep 9, 2024
Keller Williams Broker Team Sells Beverly Hills Multifamily Property For $3.38M
401 N Oakhurst Dr Beverly Hills, CA 90210, USA
$3,380,000
$496/SF
Building Size
6,807 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
About this deal
AI
The property at 401 North Oakhurst Drive in Beverly Hills was recently sold for a price of $3,380,000. This multifamily asset consists of 6 units, resulting in a per unit price of $563,333. The total square footage of the property is 6,807, leading to a price per square foot of $497. The transaction took place on 08/24/2023.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,380,000
- Units: 6
- Price per Unit: $563,333
- Square Footage: 6,807
- Price per Square Foot: $497
- Market: Beverly Hills
- Sellers' Representative: Hamid Soroudi & Jared Battat - Keller Williams
Hamid Soroudi and Jared Battat from Keller Williams were the brokers involved in this transaction. They facilitated the successful sale of the property at 401 North Oakhurst Drive in Beverly Hills. Their expertise and negotiation skills were instrumental in achieving the final sale price.
On the Map
$3,380,000
$496/SF
MultiFamily
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Market MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.69%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93