Updated Sep 9, 2024
Avraham Finck Acquires MultiFamily Property In Beverly Hills For $5.05M
9561 West Olympic Boulevard
$5,050,000
$429/SF
Building Size
11,772 SF
Asset Type
MultiFamily
Closing
Aug 9, 2023
About this deal
AI
A multi-family property located at 9561 West Olympic Boulevard in Beverly Hills has been sold. The property consists of 8 units with a total square footage of 11,772. The sale price for this transaction was $5,050,000, resulting in a per unit price of $631,250. The price per square foot is $429.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,050,000
- Units: 8
- Price per Unit: $631,250
- Square Footage: 11,772
- Price per Square Foot: $429
- Address: 9561 West Olympic Boulevard, Beverly Hills
The buyer in this transaction is Avraham Finck, while the seller is Matthew Schneider. The deal was brokered by Jake Glaser from Lyon Stahl Investment Real Estate.
Players
Market 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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93