Joe's Auto Parks Acquires Pacific Palisades Single Family Home For $13.86M
532 Spoleto Drive, Pacific Palisades, CA 90272, USA
$13,860,000
$1,311/SF
Building Size
10,568 SF
Asset Type
Single Family Residence
Closing
Dec 27, 2018
AI
A property in Pacific Palisades has been sold for a whopping $13,860,000. The single-family home, located at 532 Spoleto Drive, spans an impressive 10,568 square feet and was bought by Joe's Auto Parks 212 E. 7th - Spoleto, LLC. The transaction was completed on December 28, 2018, and the property was previously owned by Dean & Shannon Factor.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,860,000
- Square Footage: 10,568
- Market: Pacific Palisades
The sale was facilitated by brokers Ari Passy, Josh Flagg, John Hathorn, and Charles Pence. Ari Passy and Josh Flagg were the main representatives involved in the deal.
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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93