facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family Residence

/

Sale

/

702 N Rodeo Dr, The Flats, ...

Tak Matsumoto Sells Beverly Hills SFR On N Rodeo Dr For $8.75M
SOLDSingle Family Residence

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

Markus Canter

Berkshire Hathaway HomeServices

Broker

$8.8M

vol

1 deal

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

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93