Kevin Matusow Acquires Beverly Hills Package Deal For $3.005M From Seller Harry & Gloria Farkas - Jennifer Okhovat Compass
SOLD
$3,005,000
California
See Similar DealsPackage Deal5,712 SF
Sold 03/28/2023
SOLD
Kevin Matusow Acquires Beverly Hills Package Deal For $3.005M From Seller Harry & Gloria Farkas - Jennifer Okhovat Compass
1937 North Beverly Drive
See Similar DealsPackage Deal5,712 SF
Sold 03/28/2023
Summary
CALIFORNIA
Asset Type:Package Deal
Price Per Square Foot:$526
Total Square Footage:5,712 SF
Transaction Type:Sale
The property involved in this closed transaction is a package deal located at 1937 North Beverly Drive in the market of Beverly Hills. The sale price for this property was $3,005,000, with a total square footage of 5,712.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $3,005,000
- Market: Beverly Hills
- Address: 1937 North Beverly Drive
Kevin Matusow was the buyer in this transaction, while Harry & Gloria Farkas acted as the sellers. The broker representing the deal was Jennifer Okhovat from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,676.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,245.23
Annual Debt Service$170,942.80
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