Updated Jul 2, 2025
Fred Wolf Purchases Beverly Hills Multifamily Asset From Jim Schley For $4.875M
9850 West Olympic Boulevard
$4,875,000
$426/SF
Building Size
11,434 SF
Asset Type
MultiFamily
Closing
Jun 4, 2025
About this deal
AI
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.
On the Map
$4,875,000
$426/SF
MultiFamily
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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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93