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

Property Image
SOLD
$5,450,000

California

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MultiFamily13,470 SF
Sold 02/05/2025
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Property Image
SOLD

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

318 North Oakhurst Drive

See Similar Deals
MultiFamily13,470 SF
Sold 02/05/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:13,470 SF
Transaction Type:Sale

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
27 deals$220.1M volume
BROKER

Details

SOLD
IMAGE: Jordan Rubinstein DATE: 02/05/2025 ADDRESS: 318 North Oakhurst Drive MARKET: Beverly Hills ASSET TYPE: Multifamily SELLER: Mitch Golant, Susan Golant, Linda Golant & William Golant - Golant Holdings BROKER: Jordan Rubinstein (@Therealjruby) - Century Park Realty (@CenturyParkRE) SALE PRICE: $5,450,000 UNITS: 7 ~ PPU: $778,571 SF: 13,470 ~ PPSF: $404 NOTE FROM BROKER: Jordan Rubinstein, Managing Broker & Director at Century Park Realty, facilitates the sale of a Trophy Multifamily Apartment Building in Beverly Hills. For more information or a property evaluation, please contact: [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$290,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37