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1166 Corsica Drive

The Agency Brokers Close $15.2M Sale Of Pacific Palisades SFR On Corsica Drive
SOLDSingle Family Residence

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

Michelle Schwartz

The Agency

Broker

$70.3M

vol

5 deals

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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