Updated Aug 21, 2026
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
About this deal
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:
- Property Type: Land
- Transaction Amount: $7,100,000
- Address: 860 Via De La Paz
- Market: Pacific Palisades
- Square Footage: 15,000
- Price per Square Foot: $473
- Seller: K. Joseph Shabani & Kamyar Shabani
- Brokerage Firms: Janet Neman & Angelica Gotzev - Kidder Mathews
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.
On the Map
$7,100,000
Land
View full map
Players
Pacific Palisades Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Pacific Palisades land sales on Traded.
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