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957 Corsica Drive, Pacific ...

Updated Sep 9, 2024

Bilt advertisement
Pacific Palisades Mansion Sells For $13.9M With Brokers Steven Schaefer And Jay Luchs
SOLDSingle Family Residence

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

$13,915,000

$1,611/SF

Building Size

8,637 SF

Asset Type

Single Family Residence

Closing

May 22, 2019

About this deal

AI

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.

The single family residence sale at 957 Corsica Drive, Pacific Palisades, Los Angeles, Pacific Palisades, CA, USA in Pacific Palisades, California sold for $13.9M in 2019. The building is 8,637 square feet, implying about 1.6K per square foot on the published price. Morgan Trent, Steven Schaefer, Jay Luchs, Christie's International Real Estate appear on the sale alongside Christie's International Real Estate, Compass, Newmark. This page is the Pacific Palisades, California file for the 957 Corsica Drive, Pacific Palisades, Los Angeles, Pacific Palisades, CA, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Pacific Palisades sit in the Market section below. Filter that Pacific Palisades single family residence set by closing date to see what else sold near 957 Corsica Drive, Pacific Palisades, Los Angeles, Pacific Palisades, CA, USA around 2019. Published consideration for 957 Corsica Drive, Pacific Palisades, Los Angeles, Pacific Palisades, CA, USA is $13.9M, dated 2019. Cite this Pacific Palisades Mansion Sells For $13.9M With Brokers Steven Schaefer And Jay Luchs sale when underwriting similar single family residence product around Pacific Palisades, California.

Players

Jay Luchs

Newmark

Broker

$2.1B

vol

45 deals

Broker
Compass
CompassBrokerage

Pacific Palisades Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Deal FAQ

Pacific Palisades Mansion bought a home in Pacific Palisades for $13.9M in 2019. The full closing is on this page.

About $1.6K per square foot on a published $13.9M for 8,637 square feet (2019).

Visit Morgan Trent to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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