Michelle Barrett & Ari Afshar Acquire SFR In Pacific Palisades For $9.55M
SOLD
$9,550,000
California
See Similar DealsSingle Family Residence7,600 SF
Sold 08/25/2023
SOLD
Michelle Barrett & Ari Afshar Acquire SFR In Pacific Palisades For $9.55M
501 Via De La Paz
See Similar DealsSingle Family Residence7,600 SF
Sold 08/25/2023
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,256
Total Square Footage:7,600 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 501 Via De La Paz in Pacific Palisades. The property has a total square footage of 7,600, with a price per square foot of $1,257. The sale price for this property was $9,550,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,550,000
- Address: 501 Via De La Paz
- Market: Pacific Palisades
- Seller: Lantana Dev Co Inc
- Buyer's Rep: Michelle Barrett & Ari Afshar - Voyage - Compass
The sellers of this property are Lantana Dev Co Inc. The buyer's representatives in this deal were Michelle Barrett and Ari Afshar from Voyage and Compass. With these key individuals and companies involved, the transaction was successfully completed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$509,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,929.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,271.87
Annual Debt Service$543,262.47
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