Sid Rad Acquires SFR In Pacific Palisades For $4.5M
912 Lachman Lane, Pacific Palisades, California 90272, United States
$4,500,000
$1,807/SF
Building Size
2,490 SF
Asset Type
Single Family Residence
Closing
Apr 18, 2022
AI
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.
Players
Pacific Palisades Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93