Tak Matsumoto Sells Beverly Hills SFR On N Rodeo Dr For $8.75M
702 N Rodeo Dr, The Flats, Beverly Hills, CA, USA
$8,750,000
$1,264/SF
Building Size
6,921 SF
Asset Type
Single Family Residence
Closing
Mar 3, 2020
AI
A single-family residential property located at 702 N Rodeo Dr in the Beverly Hills Flats neighborhood has been sold. The property was listed for sale by Tak Matsumoto. The transaction was facilitated by brokers Michael Rabbani from Rodeo Realty, Markus Canter, and Christie St. James. The sale took place on March 4, 2020, with a sale price of $8,750,000. The property spans across 6,921 square feet and has a price per square foot of $1,264.27.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $8,750,000
- Address: 702 N Rodeo Dr
- Market: Beverly Hills Flats
- Square Footage: 6,921
- Price per Square Foot: $1,264.27
- Seller: Tak Matsumoto
- Brokers: Michael Rabbani - Rodeo Realty, Markus Canter, and Christie St. James
The sale of this property demonstrates a successful real estate transaction in the Beverly Hills Flats market. The involvement of notable brokers such as Michael Rabbani, Markus Canter, and Christie St. James highlights the expertise and experience brought to the deal. This sale indicates a strong demand for high-end residential properties in the area.
Players
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93