Updated Oct 28, 2024
Tom Ryan Of ViacomCBS Streaming Acquires Palm Springs SFR For $8.4M
64725 Acanto Drive, Palm Springs, CA, USA
$8,400,000
$449/SF
Building Size
18,685 SF
Asset Type
Single Family Residence
Closing
Jun 14, 2021
About this deal
AI
Located in Palm Springs, the property at 64725 Acanto Drive was recently sold in a closed transaction. The single-family residential (SFR) asset offers a spacious interior with a total square footage of 18,685. The sale took place on June 15, 2021, and the property was purchased for a total of $8,400,000, resulting in a price per square foot of $449.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $8,400,000
- Address: 64725 Acanto Drive
- Market: Palm Springs
The buyer in this transaction was Tom Ryan, representing ViacomCBS Streaming. The deal was facilitated by John Nelson and Stefani Stolper Schmacker, both affiliated with Compass.
On the Map
$8,400,000
$449/SF
Single Family Residence
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Players
Palm Springs Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $449 per square foot on a published $8.4M for 18,685 square feet (2021).
Visit Stefani Stolper Schmacker to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93