Updated Oct 29, 2024
Goldrich Kest Acquires Multifamily Asset In Beverly Hills For $24M
7051 Lanewood Avenue, Los Angeles, CA, USA
$24,000,000
$2,364/SF
Building Size
10,150 SF
Asset Type
MultiFamily
Closing
Apr 12, 2018
About this deal
AI
The multifamily property located at 7051 Lanewood Ave in Los Angeles was recently sold in a transaction that closed on April 13, 2018. The property, situated in the Beverly Hills market, was sold for a total price of $24,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
The seller of the property was Bolour Associates, represented by Eskandar Bolour and Ilana Bolour. The buyer, Goldrich Kest, was represented by Barry Cayton and Ezra Kest. The transaction was brokered by HFF.
On the Map
$24,000,000
$2,364/SF
MultiFamily
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Players
Los Angeles 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93