Shane Smith's Pacific Palisades SFR Sold For $48.7M With Brokers Santiago Arana And Richard Ehrlich
609 E Channel Rd, Pacific Palisades, Santa Monica, CA, USA
$48,670,000
$3,476/SF
Building Size
14,000 SF
Asset Type
Single Family Residence
Closing
Apr 19, 2021
AI
Located in Pacific Palisades, the property at 609 E. Channel Rd. recently changed hands in a closed sale transaction. This single-family residence (SFR) spans approximately 14,000 square feet, offering ample space for comfortable living. The sale, which took place on April 20, 2021, saw the property being sold for a price of $48,670,000, resulting in a price per square foot of $3,476.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $48,670,000
- Address: 609 E. Channel Rd.
- Market: Pacific Palisades
The sale was facilitated by the brokers Santiago Arana from The Agency and Richard Ehrlich from Westside Estate Agency. Representing the seller, Shane Smith of Vice Media, Santiago Arana and Richard Ehrlich played a crucial role in ensuring a successful transaction. Their expertise and negotiation skills contributed to the seamless completion of the deal.
Players
Santa Monica 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93