Kamran Ardebilchi Acquires Beverly Hills MultiFamily For $5.6M
SOLD
$5,600,000
California
See Similar DealsMultiFamily12,240 SF
Sold 08/03/2023
SOLD
Kamran Ardebilchi Acquires Beverly Hills MultiFamily For $5.6M
9912 Durant Dr Beverly Hills, CA 90212, USA
See Similar DealsMultiFamily12,240 SF
Sold 08/03/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$457
Total Square Footage:12,240 SF
Transaction Type:Sale
An 8-unit multifamily property located at 9912 & 9916 Durant Drive in Beverly Hills has been sold for a total price of $5,600,000. The property spans across 12,240 square feet and was sold at a price per square foot of $458. This transaction was facilitated by Jake Glaser of Lyon Stahl Investment Real Estate.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,600,000
- Address: 9912 & 9916 Durant Drive, Beverly Hills
- Market: Beverly Hills
The buyer in this transaction was Kamran Ardebilchi, while Matthew Schneider acted as the seller. Jake Glaser, representing Lyon Stahl Investment Real Estate, served as the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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