Gene Lew Sells Beverly Hills Multifamily Property For $3.4M With Taylor Avakian And David Pressburg As Brokers
SOLD
$3,376,000
California
See Similar DealsMultiFamily4,800 SF
Sold 07/01/2022
SOLD
Gene Lew Sells Beverly Hills Multifamily Property For $3.4M With Taylor Avakian And David Pressburg As Brokers
451 South Oakhurst Drive, Beverly Hills, California 90212, United States
See Similar DealsMultiFamily4,800 SF
Sold 07/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$703
Total Square Footage:4,800 SF
Transaction Type:Sale
The multifamily property located at 451 S. Oakhurst Drive in Beverly Hills has been sold for a price of $3,376,000. This property consists of 8 units with an average price per unit of $422,000. The total square footage of the property is 4,800, with a price per square foot of $703.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,376,000
- Units: 8
- Price Per Unit: $422,000
- Square Footage: 4,800
- Price Per Square Foot: $703
- Address: 451 S. Oakhurst Drive
- Market: Beverly Hills
The sale was facilitated by Taylor Avakian, David Pressburg, and Daniel Newman from Matthews Real Estate Investment Services, who represented the seller, Gene Lew.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$180,053.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,994.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,003.96
Annual Debt Service$192,047.55
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