facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family Residence

/

Sale

/

609 E Channel Rd, Pacific P...

Shane Smith's Pacific Palisades SFR Sold For $48.7M With Brokers Santiago Arana And Richard Ehrlich
SOLDSingle Family Residence

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

Santiago Arana

The Agency

Broker

$322.1M

vol

18 deals

Broker

Shane Smith

Vice Media

Seller

$60.4M

vol

2 deals

Seller

Santa Monica 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

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93