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.
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