Luxury Multifamily Property in Beverly Hills Sold for $3.38 Million
A luxury multifamily property in Beverly Hills, California, was recently sold for $3.38 million by Matthews Real Estate Investment Services.
In a recent deal, Matthews Real Estate Investment Services successfully sold a luxury multifamily property located at 451 South Oakhurst Drive in Beverly Hills, California, for a total price of 3.38 million. The property spans 4,800 square feet and was sold at a price per square foot of 703. The sale took place on July 1, 2022.
The property, situated in the prestigious neighborhood of Beverly Hills, offers a prime location and luxurious amenities. It is an attractive investment opportunity for buyers looking to acquire a high-end multifamily property in one of the most desirable areas of California.
The buyer, whose identity remains undisclosed, recognized the value and potential of the property. With its prime location and upscale features, the buyer saw an opportunity to generate significant rental income and capitalize on the strong demand for luxury housing in Beverly Hills.
On the other hand, the seller, also undisclosed, decided to part ways with the property, potentially to pursue other investment opportunities or to liquidate assets. The sale price of $3.38 million indicates a successful transaction for the seller, considering the property’s size, location, and market demand.
Matthews Real Estate Investment Services, a prominent brokerage firm specializing in commercial real estate, represented both the buyer and the seller in this transaction. With their expertise and extensive network, Matthews Real Estate Investment Services facilitated a smooth and efficient sale process, ensuring the satisfaction of both parties.
The sale of this luxury multifamily property in Beverly Hills demonstrates the continued strength and appeal of the high-end real estate market in California. Despite economic uncertainties, the demand for luxury housing remains robust, attracting both domestic and international investors. The sale also highlights the expertise and market knowledge of Matthews Real Estate Investment Services, positioning them as a trusted partner for buyers and sellers in the commercial real estate industry.
As the market continues to evolve, it will be interesting to see how the buyer utilizes the property and whether they will make any renovations or improvements to enhance its value. Additionally, future transactions in the Beverly Hills real estate market will provide insights into the overall health and performance of the luxury housing sector in California.