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1944 North Beverly Drive

South Park Group Represents Buyer In $3.57M Sale Of Beverly Hills SFR
SOLDSingle Family

South Park Group Represents Buyer In $3.57M Sale Of Beverly Hills SFR

1944 North Beverly Drive

$3,575,000

$786/SF

Building Size

4,545 SF

Asset Type

Single Family

Closing

Jul 21, 2022

AI

The South Park Group, represented by Julie Meggat and Steve Ravan, facilitated the purchase of a 5-bedroom single-family home in Beverly Hills. Situated on an 8,984 square foot lot in the Beverly Hills Post Office area, the property boasts a private rear yard with a sparkling pool, a free-standing sauna, and multiple dining and lounging areas. The property was listed in 2021 for over $4 million but reentered the market with a reduced asking price of $3,995,000. Meggat and Ravan were able to negotiate a significant discount of over $400,000, resulting in a final sale price of $3,575,000.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $3,575,000
  • Address: 1944 N. Beverly Dr., Beverly Hills
  • Market: Beverly Hills
  • Size: 4,545 square feet
  • Price per Square Foot: $786

Julie Meggat and Steve Ravan are experienced real estate brokers at South Park Group. They specialize in assisting clients with buying, selling, and leasing both residential and commercial real estate properties in the Los Angeles area. If you are looking for new opportunities in the real estate market, whether as a buyer, seller, or landlord, feel free to reach out to Julie or Steve for their expert guidance.

Players

Steve Ravan

South Park Group

Broker

$83M

vol

17 deals

Broker

Beverly Hills Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.44%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93