525 Spoleto Dr. LLC Acquires Single Family Home In Pacific Palisades For $29.5M
525 Spoleto Drive, Pacific Palisades, California 90272, United States
$29,500,000
$4,214,285/SF
Building Size
7 SF
Asset Type
Single Family Residence
Closing
Nov 17, 2022
AI
Located in Pacific Palisades, CA, the single-family property at 525 Spoleto Drive has been sold for a staggering price of $29,500,000. This impressive sale was facilitated by real estate broker Kurt Rappaport from Westside Estate Agency. The property spans across 7,200 square feet, resulting in a price per square foot of $4,097.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $29,500,000
- Address: 525 Spoleto Drive, Pacific Palisades, CA
- Market: Pacific Palisades, CA
- Broker: Kurt Rappaport - Westside Estate Agency
- Buyer: 525 Spoleto Dr. LLC
- Seller: Ben Silverman
Kurt Rappaport of Westside Estate Agency played a pivotal role in this transaction, representing both the buyer, 525 Spoleto Dr. LLC, and the seller, Ben Silverman. This lucrative deal showcases the high-end real estate market in Pacific Palisades, further solidifying Rappaport's position as a distinguished broker in the industry.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93