Zac Mostame Facilitates $16.9M Sale Of SFR Property On Sorrento Dr. In Riviera
1580 Sorrento Drive, Pacific Palisades, CA, USA
$16,900,000
$1,623/SF
Building Size
10,409 SF
Asset Type
Single Family Residence
Closing
Jun 3, 2020
AI
The property involved in this transaction is a single-family residence located at 1580 Sorrento Dr. in the Riviera market. The sale took place on 06/03/2021, and the image of the property can be found on @ZacMostame's Instagram page. The property was sold for a total price of $16,900,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,900,000
- Address: 1580 Sorrento Dr.
- Market: Riviera
The broker involved in this transaction was Zac Mostame.
Players
Pacific Palisades 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93