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9500 West Olympic Boulevard...

Danish Faizan Purchases Beverly Hills Multifamily Property On W. Olympic Blvd. For $8.2M
SOLDMultiFamily

Danish Faizan Purchases Beverly Hills Multifamily Property On W. Olympic Blvd. For $8.2M

9500 West Olympic Boulevard, Beverly Hills, California 90212, United States

$8,200,000

$727/SF

Building Size

11,270 SF

Asset Type

MultiFamily

Closing

Feb 27, 2022

AI

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.

Players

Mina Eshaghyan
Verified Badge

Mina Eshaghyan

Coldwell Banker

Broker

$52.5M

vol

8 deals

Broker

Beverly Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93