Updated Dec 18, 2023
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
$3,376,000
$703/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Jun 30, 2022
About this deal
AI
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
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
4.70%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93