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Trimax Realty & Loan broker...

Abraham Pour Acquires SFR In Beverly Hills For $4.2M With Seller's Rep Trimax Realty & Loan
SOLDSingle Family Residence

Abraham Pour Acquires SFR In Beverly Hills For $4.2M With Seller's Rep Trimax Realty & Loan

$4,226,000

$1,032/SF

Building Size

4,094 SF

Asset Type

Single Family Residence

Closing

Aug 8, 2023

AI

A single-family residence (SFR) located in Beverly Hills has recently been sold in an off-market transaction. The property, spanning 4,094 square feet, was sold for a price of $4,226,000, resulting in a price per square foot of $1,032.

Summary of transaction details

  • Property Type: Single-family residence (SFR)
  • Transaction Amount: $4,226,000
  • Square Footage: 4,094
  • Market: Beverly Hills

The buyer of the property is Abraham Pour, while the seller is Michael Far. Representing the seller in the transaction were Fred Nabati, Michael Davoodpour, and Morris Peykar from Trimax Realty & Loan. They successfully facilitated the closing of this off-market sale, providing both the buyer and the seller with their expertise in real estate transactions.

An interesting aspect of this deal is that Trimax Realty, Inc. & Trimax Loan, Inc. were able to negotiate a seller carryback financing solution. This creative financing approach allowed the seller to achieve a higher return on their proceeds compared to a traditional bank loan. It showcases Trimax's expertise in off-market sales and their ability to find innovative solutions to meet their clients' real estate goals.

If you are looking to buy or sell a property, Trimax Realty & Loan can assist you. Get in touch with them at [email protected] or call 310-388-9695 to learn more about how they can help you navigate the real estate market.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Market 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

3.75%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93