Updated Sep 9, 2024
Justin Kohanoff Acquires Multifamily Property In Beverly Hills For $17M
416 North Oakhurst Drive, Beverly Hills, CA, USA
$17,000,000
$517/SF
Building Size
32,844 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
A multifamily property located at 416 N Oakhurst Dr in Beverly Hills has been sold for $17,000,000. The property spans 32,844 square feet, resulting in a price per square foot of $517. The transaction took place on 05/17/2021. The buyer's representative in the deal was Justin Kohanoff, while Stephen M. Saltzman represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 416 N Oakhurst Dr
- Market: Beverly Hills
Justin Kohanoff from Inser Agency Name represented the buyer in this transaction, while Stephen M. Saltzman from Inser Agency Name represented the seller. The property was listed with an asking price of $17,800,000. It was sold at a slightly lower price of $17,000,000. Please note that no additional information regarding the property or the deal was provided.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93