Updated Sep 9, 2024
Jhené Aiko Acquires Pacific Palisades Home For $5.6M
Pacific Palisades
$5,650,000
$1,204/SF
Building Size
4,692 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2023
About this deal
AI
R&B singer Jhené Aiko has acquired a newly updated home in Pacific Palisades, Los Angeles, for over $5.6 million. The property, located in the prestigious neighborhood, spans 0.53 acres and features a spacious 4,692 square feet of living space. The stunning single-family home boasts five bedrooms, providing ample space for Aiko and her family.
Summary of transaction details
- Property Type: Single Family Residence
- Transaction Amount: $5,650,000
- Market: Pacific Palisades
- Asset Type: SFR
- Acres: 0.53
Tai Savetsila, a representative from Agents Of LA., Inc., assisted Jhené Aiko in the purchase of this lavish property. The contemporary design of the home is complemented by a gourmet kitchen, perfect for Aiko's culinary endeavors. Additionally, the residence offers a pool, spa, and outdoor entertainment area, allowing the singer to enjoy the California sunshine.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93