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Dean McKillen Buys Chuck Lorre's Pacific Palisades Property For $13.75M
SOLD
$13,750,000
California
See Similar DealsSingle Family5,376 SF
Sold 11/28/2023
SOLD
Dean McKillen Buys Chuck Lorre's Pacific Palisades Property For $13.75M
1179 Amalfi Drive
See Similar DealsSingle Family5,376 SF
Sold 11/28/2023
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,557
Total Square Footage:5,376 SF
Transaction Type:Sale
The single-family property located at 1179 Amalfi Drive in Pacific Palisades has been sold for $13,750,000. Spanning 5,376 square feet, the residence was initially purchased by the seller, Chuck Lorre, in 2020 for $9.5 million. The property sits on 0.43 acres of land.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,750,000
- Address: 1179 Amalfi Drive
- Market: Pacific Palisades
- Seller: Chuck Lorre
- Buyer: Dean McKillen
- Square Feet: 5,376
- Price Per Square Foot: $2,558
Developer Dean McKillen acquired the property from Chuck Lorre, a well-known television producer. Lorre decided to sell the house to McKillen after completing renovations on his primary residence situated next door.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,850.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,182.01
Annual Debt Service$782,184.18
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