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Pacific Palisades, Californ...

Catherina Gores Acquires Pacific Palisades SFR For $25M
SOLDSingle Family Residence

Catherina Gores Acquires Pacific Palisades SFR For $25M

Pacific Palisades, California, United States

$25,000,000

$3,571,428/SF

Building Size

7 SF

Asset Type

Single Family Residence

Closing

Aug 18, 2022

AI

A single-family residence located in Pacific Palisades was recently sold for $25,000,000. The property, spanning approximately 0.38 acres, offers a total of 7,284 square feet of living space. The transaction took place on August 18, 2022, with Catherina Gores as the buyer. Catherina Gores, known for her role with the Detroit Pistons, acquired the property.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $25,000,000
  • Market: Pacific Palisades
  • Property Size: 0.38 acres
  • Square Footage: 7,284

The sale of this property demonstrates the continued attraction of Pacific Palisades as a desirable residential area. With its expansive lot size and spacious living space, this single-family residence is sure to provide a luxurious living experience. Catherina Gores' acquisition adds to her growing real estate portfolio, further establishing her presence in the market.

Players

Catherina Gores

Buyer

$42M

vol

2 deals

Buyer

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93