Updated Dec 21, 2023
Aram Afshar @QuintessentiallyEstatesLA Acquires Multifamily Property In Beverly Hills For $8.5M
9500 West Olympic Boulevard
$8,500,000
$754/SF
Building Size
11,270 SF
Asset Type
MultiFamily
Closing
Oct 2, 2020
About this deal
AI
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.
Players
Beverly Hills 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93