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Pacific Palisades Mansion Sells For $13.9M With Brokers Steven Schaefer And Jay Luchs

Property Image
SOLD
$13,915,000
Morgan Trent
Steven Schaefer
Jay Luchs

California

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Single Family Residence8,637 SF
Sold 05/23/2019
the dealplayerscompscontact
Property Image
SOLD

Pacific Palisades Mansion Sells For $13.9M With Brokers Steven Schaefer And Jay Luchs

957 Corsica Drive, Pacific Palisades, Los Angeles, Pacific Palisades, CA, USA

See Similar Deals
Single Family Residence8,637 SF
Sold 05/23/2019
Morgan Trent
Steven Schaefer
Jay Luchs
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,611
Total Square Footage:8,637 SF
Transaction Type:Sale

A property located at 957 Corsica Drive in Pacific Palisades, LA has been sold for a price of $13,915,000.

Summary of transaction details

  • Property Type: Sale
  • Transaction Amount: $13,915,000
  • Square Footage: 8,637
  • Price Per Square Foot: $1,611
  • Address: 957 Corsica Drive
  • Market: Pacific Palisades
  • City: LA

The property was sold by @Steven_Schaefer and @JayLuchs, brokers from Morgan Trent @TrentLuxury.

Players

Jay Luchs
Newmark
Jay Luchs
43 deals$2B volume(310) 407-6585
BROKER
Steven Schaefer
Newmark
Steven Schaefer
17 deals$258M volume(310) 528-5565
BROKER
Morgan Trent
Christie's International Real Estate
Morgan Trent
7 deals$135.2M volume
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: - THATS RIGHT IMAGE: @Steven_Schaefer, Morgan Trent @TrentLuxury & @JayLuchs DATE: 05/23/2019 ADDRESS: 957 Corsica Drive MARKET: Pacific Palisades CITY: LA BROKERS: @Steven_Schaefer and @JayLuchs, Morgan Trent @TrentLuxury PRICE: $13,915,000 SF: 8,637 ~ PPSF: $1,611

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$742,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,437.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,964.20
Annual Debt Service$791,570.39