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318 North Oakhurst Drive

Mitch Golant And Partners Sell Beverly Hills Multifamily Property For $5.45 Million
SOLDMultiFamily

Mitch Golant And Partners Sell Beverly Hills Multifamily Property For $5.45 Million

318 North Oakhurst Drive

$5,450,000

$404/SF

Building Size

13,470 SF

Asset Type

MultiFamily

Closing

Feb 5, 2025

AI

The asset involved in this transaction is a multifamily property located at 318 North Oakhurst Drive in Beverly Hills. The sale price is $5,450,000, with the property consisting of 7 units. The total square footage of the building is 13,470, resulting in a price per unit of $778,571 and a price per square foot of $404.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,450,000
  • Address: 318 North Oakhurst Drive
  • Market: Beverly Hills
  • Units: 7
  • Square Footage: 13,470
  • Price Per Unit: $778,571
  • Price Per Square Foot: $404
  • Seller: Mitch Golant, Susan Golant, Linda Golant & William Golant - Golant Holdings
  • Broker: Jordan Rubinstein - Century Park Realty

Jordan Rubinstein, Managing Broker & Director at Century Park Realty, facilitated the sale of the multifamily apartment building on behalf of Golant Holdings. This transaction highlights the involvement of experienced professionals in the successful sale within a competitive market.

Players

Jordan Rubinstein

Century Park Realty

Broker

$220.1M

vol

27 deals

Broker

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

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93