Steve Edelman Of Sherlock Cornerstone Acquires Multifamily Asset In Beverly Hills For $3.75M
144 North Clark Drive
$3,752,000
$642/SF
Building Size
5,840 SF
Asset Type
MultiFamily
Closing
Jun 1, 2026
AI
The asset involved in this transaction is a multifamily property located at 144 North Clark Drive in Beverly Hills. The sale price for the property was $3,752,000, featuring 8 units and encompassing a total of 5,840 square feet, resulting in a price per unit of $469,000 and a price per square foot of $642.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,752,000
- Units: 8
- Square Footage: 5,840
- Price Per Unit: $469,000
- Price Per Square Foot: $642
- Buyer: Steve Edelman - Sherlock Cornerstone
- Brokers: Daniel Hirth & Alex Reyhan - The Hirth Group
- Date of Sale: 06/01/2026
Steve Edelman represented the buyer, Sherlock Cornerstone, while Daniel Hirth and Alex Reyhan from The Hirth Group acted as brokers in the transaction, facilitating the sale between the involved parties.
Players
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93