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502 Smithwood Drive

Nathan Hirsch Sells Beverly Hills Multifamily Property For $3.2 Million With Broker Brynn Pennel
SOLDMultiFamily

Nathan Hirsch Sells Beverly Hills Multifamily Property For $3.2 Million With Broker Brynn Pennel

502 Smithwood Drive

$3,200,000

$474/SF

Building Size

6,740 SF

Asset Type

MultiFamily

Closing

Sep 20, 2024

AI

The transaction involves a multifamily property located at 502 Smithwood Drive in Beverly Hills. The sale price was $3,200,000, encompassing 4 units within a total building size of 6,740 square feet. This indicates a price per unit of $800,000 and a price per square foot of $474.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 502 Smithwood Drive
  • Market: Beverly Hills
  • Units: 4
  • Square Footage: 6,740
  • Price Per Unit: $800,000
  • Price Per Square Foot: $474
  • Seller: Nathan Hirsch
  • Broker: Brynn Pennel - Douglas Elliman

Brynn Pennel represented the seller, Nathan Hirsch, in this transaction, facilitating the sale of the property and ensuring all necessary processes were appropriately handled as part of the deal.

Players

Brynn Pennel

Douglas Elliman

Broker

$13.4M

vol

5 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93