Aram Afshar @QuintessentiallyEstatesLA Acquires Multifamily Property In Beverly Hills For $8.5M
SOLD
$8,500,000
California
See Similar DealsMultiFamily11,270 SF
Sold 10/02/2020
SOLD
Aram Afshar @QuintessentiallyEstatesLA Acquires Multifamily Property In Beverly Hills For $8.5M
9500 West Olympic Boulevard
See Similar DealsMultiFamily11,270 SF
Sold 10/02/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$754
Total Square Footage:11,270 SF
Transaction Type:Sale
Located in Beverly Hills, the multifamily property at 9500 W. Olympic Blvd. has recently been sold for an impressive price of $8,500,000. Spanning across 11,270 square feet, this property boasts a price per square foot of $754. The transaction took place on October 2, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
Aram Afshar from QuintessentiallyEstatesLA represented the buyer, while Iman Eshaghyan and Mina Eshaghyan served as the seller's representatives. This sale showcases the active real estate market in Beverly Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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