Tara Lipinski Acquires Pacific Palisades SFR For $8.4M
SOLD
California
See Similar DealsSingle Family Residence6,779 SF
Sold 06/02/2021
SOLD
Tara Lipinski Acquires Pacific Palisades SFR For $8.4M
1371 Marinette Rd, Pacific Palisades, CA, USA
See Similar DealsSingle Family Residence6,779 SF
Sold 06/02/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,239
Total Square Footage:6,779 SF
Transaction Type:Sale
A single-family residence located at 1371 Marinette Rd. in Pacific Palisades was recently sold for a total of $8,400,000. The property spans 6,779 square feet, resulting in a price per square foot of $1,239. Tara Lipinski acted as the buyer in this transaction.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $8,400,000
- Address: 1371 Marinette Rd.
- Market: Pacific Palisades
Jacqueline Chernov from Compass and Elisabeth Halsted from Berkshire Hathaway HomeServices California Properties served as the brokers for this deal, representing the buyer, Tara Lipinski.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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