9312 Olympic Blvd Beverly Hills, CA 90212
6-Unit Art Deco Building in Beverly Hills
SOLD: $2,750,000 CAP RATE: 1.95% GRM: 22.97 PRICE PER SQUARE FOOT: $495
We are pleased to announce the off-market sale of 9312 W Olympic Blvd a rare multifamily opportunity located in the highly coveted Beverly Hills 90212 neighborhood. The property consists of spacious one bedroom units and has recently received major improvements including a new roof and updated plumbing. The location offers exceptional walkability with immediate access to numerous shops dining and everyday conveniences along Olympic Beverly and Doheny.
The property sold for $2,750,000 reflecting a 1.95% cap rate a 22.97 GRM and a $495 price per square foot. The buyer plans to add two ADUs to the site creating meaningful long term value and increasing future rental income potential.
The transaction was completed off market with the buyer closing in 30 days. A four year seller carry back was successfully negotiated providing a creative financing structure that benefited both parties. David Saghian represented both the buyer and the seller in the transaction.
Investment Highlights
Prime Beverly Hills 90212 location within walking distance to shops dining and everyday conveniences
Off market sale providing a rare opportunity to acquire a multifamily asset in a tightly held neighborhood
Spacious one bedroom units with major recent improvements including a new roof and updated plumbing
Buyer plans to add two ADUs creating strong long term value and income potential
Creative financing structure with a four year seller carry back
Buyer and seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com