Updated Dec 20, 2023
Nataliya Mehta, Vivyannah Mehta, And Deepak Mehta Acquire Multifamily Property In Beverly Hills For $6M
414 North Palm Drive, Beverly Hills, California 90210, United States
$6,000,000
$351/SF
Building Size
17,050 SF
Asset Type
MultiFamily
Closing
Oct 16, 2022
About this deal
AI
The multifamily property located at 414 N Palm Dr in Beverly Hills, CA has been sold. The transaction took place on 10/17/2022. The property consists of 10 units and has a total square footage of 17,050. The asking price for the property was $6,600,000, but it was sold for $6,000,000. This puts the price per unit at $600,000 and the price per square foot at $352.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 10
- Square Footage: 17,050
- Address: 414 N Palm Dr, Beverly Hills, CA
Nataliya Mehta, Vivyannah Mehta, and Deepak Mehta were the buyers in this transaction. The seller of the property was Chris Eber. The deal was facilitated by broker Hamid Soroudi from Keller Williams.
Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93