Danish Faizan Purchases Beverly Hills Multifamily Property On W. Olympic Blvd. For $8.2M
SOLD
$8,200,000
California
See Similar DealsMultiFamily11,270 SF
Sold 02/28/2022
SOLD
Danish Faizan Purchases Beverly Hills Multifamily Property On W. Olympic Blvd. For $8.2M
9500 West Olympic Boulevard, Beverly Hills, California 90212, United States
See Similar DealsMultiFamily11,270 SF
Sold 02/28/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$727
Total Square Footage:11,270 SF
Transaction Type:Sale
A multifamily property located at 9500 W. Olympic Blvd. in Beverly Hills has been sold for $8,200,000. The property consists of 16 units with a total square footage of 11,270. The price per unit is approximately $512,500, and the price per square foot is approximately $727. The transaction took place on February 28, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 9500 W. Olympic Blvd.
- Market: Beverly Hills
- Buyer: Danish Faizan
- Seller: Kaysan Ghasseminegad
- Brokers: Iman Eshaghyan & Mina Eshaghyan - The Eshaghyan Group
- Units: 16
- Price per Unit: $512,500
- Square Footage: 11,270
- Price per Square Foot: $727
Iman Eshaghyan and Mina Eshaghyan, representing The Eshaghyan Group, were the brokers involved in the transaction. They facilitated the deal between the buyer, Danish Faizan, and the seller, Kaysan Ghasseminegad.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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