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
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