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Reeve Benaron Purchases Beverly Hills Single Family Home For $7M

Property Image
SOLD
$7,000,000
Joe Babajian
Michael Rabbani
Jon Grauman
+ 2

California

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Single Family5,647 SF
Sold 06/14/2024
the dealplayerscompscontact
Property Image
SOLD

Reeve Benaron Purchases Beverly Hills Single Family Home For $7M

1030 Della Drive

See Similar Deals
Single Family5,647 SF
Sold 06/14/2024
Joe Babajian
Michael Rabbani
Jon Grauman
+ 2
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,239
Total Square Footage:5,647 SF
Transaction Type:Sale

The single-family property located at 1030 Della Drive in Beverly Hills was recently sold for $7,000,000. Spanning 5,647 square feet, the transaction resulted in a price per square foot of $1,240.

Summary of transation details:

The buyer, Reeve Benaron, acquired the property with representation from Adam Rosenfeld, Jon Grauman, and Bjorn Farrugia. On the selling side, the transaction was handled by Michael Rabbani, Joe Babajian, and once again, Bjorn Farrugia, showcasing a collaborative effort in this successful real estate deal.

Players

Bjorn Farrugia
Hilton & Hyland
Bjorn Farrugia
6 deals$73.7M volume(310) 998-7175
BROKER
Jon Grauman
Resident Group
Jon Grauman
13 deals$142M volume(424) 600-7576
BROKER
Adam Rosenfeld
Resident Group
Adam Rosenfeld
5 deals$105.3M volume(310) 595-5915
BROKER
Michael Rabbani
Michael Rabbani
7 deals$41.1M volume
BROKER
Joe Babajian
Rodeo Realty
Joe Babajian
5 deals$29.8M volume
BROKER

Details

SOLD
IMAGE: Michael Rabbani & Joe Babajian DATE: 06/14/2024 ADDRESS: 1030 Della Drive MARKET: Beverly Hills ASSET TYPE: Single Family BUYER: Reeve Benaron SELLER: Naz & Aaron Eghbal BUYER'S REP: Adam Rosenfeld (@ItslookinRosey) & Jon Grauman (@JonGrauman) - The Agency; Bjorn Farrugia (@BjornFarrugia) - Carolwood Estates (@CarolwoodRealEstate) SELLER'S REP: Michael Rabbani (@Michael.Rabbani) & Joe Babajian (@JoeBabajianestates) - Rodeo Realty ; Bjorn Farrugia (@BjornFarrugia) ASKING PRICE: $6,995,000 SALE PRICE: $7,000,000 SF: 5,647 ~ PPSF: $1,240

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
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