Updated Sep 9, 2024
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
About this deal
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.
The single family residence sale at 1580 Sorrento Drive, Pacific Palisades, CA, USA in Pacific Palisades, California sold for $16.9M in 2020. The building is 10,409 square feet, implying about 1.6K per square foot on the published price. Zac Mostame, Sandi Jacoby, Andreas Elsenhans, Marcy Roth appear on the sale alongside Westside Estate Agency, The Agency, Berkshire Hathaway HomeServices. This page is the Pacific Palisades, California file for the 1580 Sorrento Drive, Pacific Palisades, CA, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Pacific Palisades sit in the Market section below. Filter that Pacific Palisades single family residence set by closing date to see what else sold near 1580 Sorrento Drive, Pacific Palisades, CA, USA around 2020. Published consideration for 1580 Sorrento Drive, Pacific Palisades, CA, USA is $16.9M, dated 2020. Cite this Zac Mostame Facilitates $16.9M Sale Of SFR Property On Sorrento Dr. In Riviera sale when underwriting similar single family residence product around Pacific Palisades, California.
Players
Pacific Palisades 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93