The Madison Group Acquires Other Asset In Beverly Hills For $5.9M
509 North Elm Drive, Beverly Hills, CA 90210, USA
$5,900,000
$1,751/SF
Building Size
3,369 SF
Asset Type
Other
Closing
Feb 27, 2019
AI
The property at 509 North Elm Drive in Beverly Hills was recently sold. The transaction took place on February 28, 2019, with a sale price of $5,900,000. The property is classified as "Other" and has a total square footage of 3,369. The price per square foot for this transaction was $1,751.26.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $5,900,000
- Address: 509 North Elm Drive, Beverly Hills
- Square Footage: 3,369
- Price per Square Foot: $1,751.26
The buyer in this transaction was The Madison Group, while the seller was 509 Elm LLC. The deal was facilitated by brokers Amir Ahobim and Azy Farahmand.
Beverly Hills Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93