Zac Mostame Facilitates $16.9M Sale Of SFR Property On Sorrento Dr. In Riviera
SOLD
$16,900,000
+ 1
California
See Similar DealsSingle Family Residence10,409 SF
Sold 06/03/2020
SOLD
Zac Mostame Facilitates $16.9M Sale Of SFR Property On Sorrento Dr. In Riviera
1580 Sorrento Drive, Pacific Palisades, CA, USA
See Similar DealsSingle Family Residence10,409 SF
Sold 06/03/2020
+ 1
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,623
Total Square Footage:10,409 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$901,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,042.14
Cash-on-Cash Return-1.27%
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Annual Debt Service$961,375.46
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