Pacific Palisades SFR Sells For $24M With Brokers Steven Schaefer & Jay Luchs
SOLD
$24,000,000
California
See Similar DealsSingle Family Residence135,000 SF
Sold 06/22/2020
SOLD
Pacific Palisades SFR Sells For $24M With Brokers Steven Schaefer & Jay Luchs
568 Chautauqua Blvd, Pacific Palisades, CA 90272, USA
See Similar DealsSingle Family Residence135,000 SF
Sold 06/22/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$177
Total Square Footage:135,000 SF
Transaction Type:Sale
A Single-Family Residential property located at 568 Chautauqua Blvd in Pacific Palisades has been recently sold. The property comprises of a spacious area covering 13,500 square feet. The transaction closed on June 22, 2020, with a selling price of $24,000,000, resulting in a price per square foot of $1,772.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $24,000,000
- Square Footage: 13,500
- Price per Square Foot: $1,772
- Address: 568 Chautauqua Blvd, Pacific Palisades
- Market: Pacific Palisades
The successful deal was facilitated by brokers Steven Schaefer and Jay Luchs, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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