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
Pacific Palisades Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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