Goldrich Kest Acquires Multifamily Asset In Beverly Hills For $24M
SOLD
California
See Similar DealsMultiFamily10,150 SF
Sold 04/13/2018
SOLD
Goldrich Kest Acquires Multifamily Asset In Beverly Hills For $24M
7051 Lanewood Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily10,150 SF
Sold 04/13/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$2,364
Total Square Footage:10,150 SF
Transaction Type:Sale
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.
Players
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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