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860 Via De La Paz

K. Joseph Shabani & Kamyar Shabani Sell Land In Pacific Palisades For $7.1M
SOLDLand

K. Joseph Shabani & Kamyar Shabani Sell Land In Pacific Palisades For $7.1M

860 Via De La Paz

$7,100,000

Building Size

Asset Type

Land

Closing

Aug 11, 2026

AI

The property involved in the transaction is a piece of land located at 860 Via De La Paz in the Pacific Palisades market. It was sold for $7,100,000, covering an area of 15,000 square feet, resulting in a price per square foot of $473.

Summary of transaction details:

The transaction included K. Joseph Shabani and Kamyar Shabani as sellers, while Janet Neman and Angelica Gotzev represented the sellers from Kidder Mathews. This team facilitated the successful closing of the property deal.

Players

Janet Neman

Kidder Mathews

Broker

$511.2M

vol

29 deals

Broker
Kamyar Shabani

Kamyar Shabani

Seller

$174.7M

vol

15 deals

Seller

Pacific Palisades Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93