Sid Rad Acquires SFR In Pacific Palisades For $4.5M
SOLD
$4,500,000
California
See Similar DealsSingle Family Residence2,490 SF
Sold 04/19/2022
SOLD
Sid Rad Acquires SFR In Pacific Palisades For $4.5M
912 Lachman Lane, Pacific Palisades, California 90272, United States
See Similar DealsSingle Family Residence2,490 SF
Sold 04/19/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,807
Total Square Footage:2,490 SF
Transaction Type:Sale
The recently closed property transaction in Pacific Palisades involved a single-family residential (SFR) asset located at 912 Lachman Ln. The property was sold at a price of $4,500,000, with a total area of 2,490 square feet. This translates to a price per square foot (PPSF) of $1,807. The transaction took place on April 19, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,500,000
- Address: 912 Lachman Ln.
- Market: Pacific Palisades
- Square Footage: 2,490
The buyer in this transaction was Sid Rad, while the seller was Eris Verne. Representation in the deal was provided by Justin Kohanoff from California Estates and Jordana Leigh from Rodeo Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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