The Agency Brokers Close $15.2M Sale Of Pacific Palisades SFR On Corsica Drive
1166 Corsica Drive
$15,200,000
$1,688/SF
Building Size
9,000 SF
Asset Type
Single Family Residence
Closing
Mar 29, 2023
AI
Located at 1166 Corsica Drive in Pacific Palisades, this single-family residential (SFR) property recently changed hands in a sale transaction. The property boasts a spacious 9,000 square feet of living space. The sale price for this exquisite property was $15,200,000, resulting in a price per square foot of $1,689. The transaction was facilitated by brokers Michelle Schwartz and Adrienne Herkes from The Agency.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $15,200,000
- Square Footage: 9,000
- Price Per Square Foot: $1,689
- Address: 1166 Corsica Drive, Pacific Palisades
- Market: Pacific Palisades
Michelle Schwartz and Adrienne Herkes from The Agency played pivotal roles as brokers in this transaction. Their expertise and negotiation skills contributed to the successful closing of the sale. It is worth noting that the closing price is subject to a ULA concession, as indicated by the broker's note.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93