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613 North Roxbury Drive

Jerry Leviev Acquires SFR In Beverly Hills From Seller Frank Davidovich
SOLDSingle Family Residence

Jerry Leviev Acquires SFR In Beverly Hills From Seller Frank Davidovich

613 North Roxbury Drive

$7,880,000

$2,962/SF

Building Size

2,660 SF

Asset Type

Single Family Residence

Closing

Aug 26, 2022

AI

The property involved in this transaction is a single-family residence located at 613 N Roxbury Dr in Beverly Hills. The property has a total square footage of 2,660. It was sold for a price of $7,880,000, resulting in a price per square foot of $2,962.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,880,000
  • Square Footage: 2,660
  • Address: 613 N Roxbury Dr, Beverly Hills
  • Market: Beverly Hills

The buyer in this transaction is Jerry Leviev, while the seller is Frank Davidovich. The brokers involved in the deal are Joey Ben-Zvi and Brandon Piller from BZP Group, representing the seller. BZP Group, together with The Agency, facilitated the transaction.

BZP Group, known for their expertise in the Beverly Hills Flats market, has achieved an unprecedented price of approximately $600 per square foot for land in the past year. Despite the recent market shift, they were able to surpass that number and secure approximately $630 per square foot for land in this transaction.

Note: BZP Group's success in achieving above-average prices per square foot highlights their exceptional negotiation skills and market knowledge.

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

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93