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509 North Elm Drive, Beverl...

The Madison Group Acquires Other Asset In Beverly Hills For $5.9M
SOLDOther

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.

Players

Azy Farahmand

The Agency

Broker

$33.9M

vol

11 deals

Broker

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