Fred Wolf Purchases Beverly Hills Multifamily Asset From Jim Schley For $4.875M

A multifamily asset located at 9850-9860 West Olympic Boulevard in Beverly Hills has been sold for $4,875,000. The property consists of 12 units with a total square footage of 11,434, resulting in a price per unit of $406,250 and a price per square foot of $426.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,875,000
• Units: 12
• Square Footage: 11,434
• Price Per Unit: $406,250
• Price Per Square Foot: $426
• Buyer: Fred Wolf
• Seller: Jim Schley
• Broker: Jordan Asheghian - Lyon Stahl Investment Real Estate
• Date of Sale: 06/04/2025

The transaction was noted as a smooth process facilitated by a 1031 Exchange Buyer, with a 60-day escrow period. This sale marks the first time the property has changed hands in over 50 years, highlighting the significance of the event in the market.