Eli Appel Of The Appel Group Represents Seller In 3.99M Multifamily Sale In Beverly Hills

The multifamily asset located at 419 South Rexford Drive in Beverly Hills has been sold for $3,995,000. The property consists of 8 units, offering a total square footage of 5,511, yielding a price per unit of $499,375 and a price per square foot of $724.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,995,000
• Units: 8
• Square Footage: 5,511
• Price Per Unit: $499,375
• Price Per Square Foot: $724
• Address: 419 South Rexford Drive, Beverly Hills
• Seller's Representative: Eli Appel - The Appel Group - Marcus & Millichap

This sale follows a robust interest, with over 14 property tours and multiple competitive offers, indicating a sustained appetite for multifamily real estate in Beverly Hills. Eli Appel's performance is underscored by this being his 15th multifamily closing in Beverly Hills since 2023, and he currently holds 21.43% of all listings sold in the area, emphasizing his prominent role in the market.