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Jerald & Sheri Wenker Sell Pacific Palisades SFR For $8.8M With Buyer's Rep Tyler Convery

Property Image
SOLD
$8,775,000
Tyler Convery
Dan Urbach

California

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Single Family Residence6,057 SF
Sold 06/28/2020
the dealplayerscompscontact
Property Image
SOLD

Jerald & Sheri Wenker Sell Pacific Palisades SFR For $8.8M With Buyer's Rep Tyler Convery

1252 Corsica Drive, Pacific Palisades, CA 90272, USA

See Similar Deals
Single Family Residence6,057 SF
Sold 06/28/2020
Tyler Convery
Dan Urbach
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,448
Total Square Footage:6,057 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family Residence (SFR) located at 1252 Corsica Drive in Pacific Palisades. The property spans 6,057 square feet and has an asking price of $8,750,000. The sale took place on June 28, 2021, with a final sale price of $8,775,000, resulting in a price per square foot of $1,448.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $8,775,000
  • Address: 1252 Corsica Drive
  • Market: Pacific Palisades

In this transaction, the seller of the property was Jerald & Sheri Wenker. Representing the buyer was Tyler Convery, while the seller was represented by @Dan.Urbach from Compass.

Players

Dan Urbach
Compass
Dan Urbach
3 deals$24.3M volume
BROKER
Tyler Convery
Tyler Convery
2 deals$14.4M volume
BROKER

Details

SOLD
IMAGE: Tyler Convery DATE: 06/28/2021 ADDRESS: 1252 Corsica Drive MARKET: Pacific Palisades ASSET TYPE: SFR SELLER: Jerald & Sheri Wenker BUYER'S REP: Tyler Convery (@Tyler.Meagher) SELLER’S REP: @Dan.Urbach @Compass ASKING PRICE: $8,750,000 SALE PRICE: $8,775,000 SF: 6,057 ~ PPSF: $1,448

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$468,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,175.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,597.98
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