Updated Nov 3, 2026
SOLDSingle Family Residence
53 Montecito Drive
53 Montecito Drive
$17,999,000
$2,373/SF
Building Size
7,584 SF
Asset Type
Single Family Residence
Closing
Oct 27, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 53 Montecito Drive in Corona del Mar. The sale was completed at a price of $17,999,000, encompassing a total square footage of 7,584. The price per square foot is calculated at $2,373.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,999,000
- Address: 53 Montecito Drive
- Market: Corona del Mar
- Square Footage: 7,584
- Price per Square Foot: $2,373
- Seller: Ben Hecht
- Buyer's Representative: Brad Bankenbush & Joshua Altman - Douglas Elliman
- Seller's Representative: Paul Daftarian - Daftarian Group
The deal involved key individuals including the seller, Ben Hecht, alongside the representatives from both sides. The buyer was represented by Brad Bankenbush and Joshua Altman of Douglas Elliman, while the seller was represented by Paul Daftarian from the Daftarian Group.
On the Map
$17,999,000
$2,373/SF
Single Family Residence
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Corona Del Mar 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93