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1513 Sorrento Drive

Ingrid Sacerio Of The Agency Represents Buyer In Pacific Palisades Estate Sale For $21.5M
SOLDSingle Family

Ingrid Sacerio Of The Agency Represents Buyer In Pacific Palisades Estate Sale For $21.5M

1513 Sorrento Drive

$21,500,000

$1,739/SF

Building Size

12,361 SF

Asset Type

Single Family

Closing

Sep 20, 2024

AI

The property asset located at 1513 Sorrento Drive in the Pacific Palisades market is a single-family estate, encompassing 12,361 square feet of living space on a 0.5-acre lot. The estate has a sale price of $21,500,000, equating to $1,739 per square foot.

Summary of transaction details:

In this transaction, Ingrid Sacerio represented the buyer, while Cory Weiss acted on behalf of the seller. The estate is noted for its luxurious amenities, including seven bedrooms, grand entertaining spaces, private offices, a top-tier home theater, a gym, and a half-acre yard, all situated within a gated environment for added privacy.

Players

Ingrid Sacerio

The Agency

Broker

$25.5M

vol

3 deals

Broker

Pacific Palisades Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93