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1833 Franklin Canyon Drive,...

Alexa Kort Acquires SFR In Beverly Hills For $3.65M
SOLDSingle Family Residence

Alexa Kort Acquires SFR In Beverly Hills For $3.65M

1833 Franklin Canyon Drive, Beverly Hills, CA 90210

$3,650,000

$1,451/SF

Building Size

2,514 SF

Asset Type

Single Family Residence

Closing

Jun 18, 2020

AI

Located in Beverly Hills, the property at 1833 Franklin Canyon Dr. recently changed hands in a sale transaction. The single-family residence, spanning 2,514 square feet, was sold for a price of $3,650,000. With an asking price of $3,595,000, the sale price surpassed the initial listing. The property is situated in the desirable market of Beverly Hills, known for its luxury real estate.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,650,000
  • Address: 1833 Franklin Canyon Dr.
  • Market: Beverly Hills
  • Square Footage: 2,514

Alexa Kort represented the buyer in this transaction, while James Harris and David Parnes acted as the seller's representatives. The property attracted strong interest in the market, leading to a successful sale. The price per square foot for the property was $1,451, reflecting its value in the sought-after Beverly Hills market.

Players

David Parnes

Carolwood Estates

Broker

$502.2M

vol

26 deals

Broker
The Agency
The AgencyBrokerage

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93