Updated Dec 21, 2023
Azy Farahmand Acquires SFR In Beverly Hills For $2.55M
321 S Clark Dr, Beverly Hills, CA, USA
$2,550,000
$1,214/SF
Building Size
2,100 SF
Asset Type
Single Family Residence
Closing
Feb 17, 2021
About this deal
AI
A single-family residence located at 321 S Clark Dr. in Beverly Hills has been sold. The property, with a size of 2,100 square feet, was listed with an asking price of $2,495,000. It was eventually sold for $2,550,000, resulting in a price per square foot of $1,214.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $2,550,000
- Address: 321 S Clark Dr., Beverly Hills
- Market: Beverly Hills
- Asking Price: $2,495,000
- Square Footage: 2,100
- Price Per Square Foot: $1,214
Azy Farahmand, representing LaproPertiesByAzy, served as the broker for this transaction.
This property sale resulted in a successful transaction, with a sale price that surpassed the initial asking price. The deal was won in multiples, indicating strong competition among potential buyers.
Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $2.6M for 2,100 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93