facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family Residence

/

Sale

/

603 North Camden Drive, Bev...

BZP Group Facilitates $7.9M Sale Of Beverly Hills SFR To Buyer Donald Cohen
SOLDSingle Family Residence

BZP Group Facilitates $7.9M Sale Of Beverly Hills SFR To Buyer Donald Cohen

603 North Camden Drive, Beverly Hills, California 90210, United States

$7,900,000

$2,167/SF

Building Size

3,645 SF

Asset Type

Single Family Residence

Closing

Oct 18, 2022

AI

This single-family residence (SFR) located at 603 N Camden Dr in Beverly Hills, CA has been sold in a recent transaction. The property spans 3,645 square feet and was sold at a price of $7,900,000, resulting in a price per square foot (PPSF) of $2,167.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $7,900,000
  • Date: 10/19/2022
  • Address: 603 N Camden Dr, Beverly Hills, CA
  • Market: Beverly Hills, CA

The buyer of the property is Donald Cohen, while David Goldstein acted as the seller. The deal was facilitated by Joey Ben-Zvi and Brandon Piller of BZP Group, who served as the brokers representing both the buyer and the seller.

It is worth noting that this property was previously featured in season 1 of the show "Buying Beverly Hills" on Netflix. In the initial sale, the property was co-listed with Mauricio Umansky and Farrah Brittney, and it garnered significant interest with 27 offers. Ultimately, the property was sold for $805,000 above the asking price, setting a record for land deals in the area at $7,555,000 for a ~12,500 sqft piece of land.

More recently, BZP Group successfully negotiated another transaction for the same property. This time, they found a buyer within 24 hours of the new seller reaching out to them. The deal was arranged off-market, with BZP Group representing both the buyer and the seller. The sale was closed at $7,900,000, showcasing the team's hands-on approach and ability to bring parties together quickly. BZP Group's strong market knowledge and active deal-making approach allowed them to empower their clients and accomplish their goals.

Players

Joey Ben-Zvi

The Agency

Broker

$68.5M

vol

14 deals

Broker

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93