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
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