Updated Nov 19, 2023
Luxury Land In Corona Del Mar, CA Sold For $9M With Buyer's Rep Luxe Real Estate And Seller's Rep EQTY Forbes Global Properties
4539 Camden Drive, Corona del Mar, California 92625, United States
$9,000,000
Building Size
—
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
Located on Camden Drive in Corona del Mar, CA, this recently sold property is a prime piece of land. The transaction took place on 12/06/2022, and the sale was handled by Tara Foster Shapiro of EQTY Forbes Global Properties.
Summary of transaction details
- Property Type: Land
- Sale Price: $9,000,000
- Buyer's Representative: Michael Balliet & Paul Daftarian - Luxe Real Estate
- Seller's Representative: Tara Foster Shapiro - EQTY Forbes Global Properties
Michael Balliet and Paul Daftarian of Luxe Real Estate represented the buyer in this transaction. They successfully negotiated the purchase of the land on behalf of their client. The seller, Tara Foster Shapiro of EQTY Forbes Global Properties, played a crucial role in facilitating the sale.
On the Map
$9,000,000
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Players
Corona Del Mar CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93