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Westside Estate Agency brok...

Frank Zarabi Acquires SFR In Beverly Hills From Lyndon Lea For $35.2M
SOLD

Frank Zarabi Acquires SFR In Beverly Hills From Lyndon Lea For $35.2M

$35,200,000

Building Size

Asset Type

Closing

Feb 15, 2021

AI

Kurt Rappaport, Frank Zarabi, Lyndon Lea, and Myra Nourmand were involved in a recent real estate transaction in Beverly Hills. The property in question is a Single Family Residence (SFR) with a total square footage of 14,422. The sale took place on February 16, 2021, and the transaction price was $35,200,000, resulting in a price per square foot of $2,440.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $35,200,000
  • Market: Beverly Hills
  • Buyer: Frank Zarabi
  • Seller: Lyndon Lea
  • Brokers: Myra Nourmand - Nourmand & Associates; Kurt Rappaport & Kevin D. Booker - Westside Estate Agency

Myra Nourmand, Kurt Rappaport, and Kevin D. Booker played crucial roles as brokers in facilitating this transaction. The involvement of these individuals from Nourmand & Associates and Westside Estate Agency showcases their expertise in the Beverly Hills real estate market.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 deals

Broker

Frank Zarabi

Buyer

$54.2M

vol

2 deals

Buyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93