Shane Smith's Pacific Palisades SFR Sold For $48.7M With Brokers Santiago Arana And Richard Ehrlich
SOLD
$48,670,000
California
See Similar DealsSingle Family Residence14,000 SF
Sold 04/20/2021
SOLD
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
See Similar DealsSingle Family Residence14,000 SF
Sold 04/20/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,476
Total Square Footage:14,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,595,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$172,914.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$230,720.63
Annual Debt Service$2,768,647.56
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