Updated Dec 21, 2023
Derek Cardoza Represents Both Parties In $4.3M Sale Of SFR In Huntington Palisades
814 Alma Real Dr, Pacific Palisades, CA, USA
$4,338,750
$2,383/SF
Building Size
1,820 SF
Asset Type
Single Family Residence
Closing
Sep 21, 2021
About this deal
AI
A unique Cliff May Ranch in the Huntington Palisades at 814 Alma Real Dr. has been sold for a price of $4,338,750. The property is a single-family home with a total area of 1,820 square feet. The sale price translates to a price per square foot of $2,383. The transaction took place on 09/21/2021, with the seller being Fancy Fechser. The seller was represented by Derek Cardoza of Engel & Völkers. Derek Cardoza strategically positioned the sale of this property, securing a buyer before it even hit the market. The original listing price for the property was $4,450,000, but due to the buyer being an agent who forfeited their commission, the final sale price was negotiated at $4,338,750.
Summary of transaction details:
- Property Type: Single Family Home
- Transaction Amount: $4,338,750
- Address: 814 Alma Real Dr., Huntington Palisades
- Market: Huntington Palisades
- Asset Type: SFR
Derek Cardoza of Engel & Völkers played a key role in this transaction. As the advisor for the seller, he not only represented them but also found the buyer for the property. With his expertise, he successfully closed the deal at a favorable price.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.66%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93