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
SOLD
$9,000,000
California
See Similar DealsSold 06/12/2022
SOLD
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
See Similar DealsSold 06/12/2022
Summary
CALIFORNIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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