Updated Dec 19, 2023
Mitch Gavin Sells Pacific Palisades Development Site On Revello Dr. To Donald Paulino For $2.3M
17502 Revello Drive, Pacific Palisades, CA 90272, USA
$2,326,000
$155/SF
Building Size
14,953 SF
Asset Type
Development Site
Closing
Jun 15, 2020
About this deal
AI
The development site located at 17502 Revello Dr. in Pacific Palisades has been sold. The property, showcased in a post by Asher Ehsani on Instagram, was sold on June 15, 2021. The asset, which spans 14,953 square feet, was listed for an asking price of $2,600,000. The sale was completed for a total price of $2,326,000, resulting in a price per square foot of $155.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,326,000
- Address: 17502 Revello Dr., Pacific Palisades
- Market: Pacific Palisades
- Seller: Mitch Gavin
- Broker: Donald Paulino
- Asking Price: $2,600,000
- Building Square Footage: 14,953
- Price per Square Foot: $155
The transaction was facilitated by broker Donald Paulino, representing the seller, Mitch Gavin. The sale of this development site marks a notable deal in the Pacific Palisades market, showcasing the demand for properties in the area.
Players
Pacific Palisades Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Donald Paulino to view all their deals.
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93