Updated Sep 9, 2024
Kamran Ardebilchi Acquires Beverly Hills MultiFamily For $5.6M
9912 Durant Dr Beverly Hills, CA 90212, USA
$5,600,000
$457/SF
Building Size
12,240 SF
Asset Type
MultiFamily
Closing
Aug 3, 2023
About this deal
AI
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.
Players
Los Angeles 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93