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:
- Property Type: Single Family
- Transaction Amount: $21,500,000
- Square Footage: 12,361
- Address: 1513 Sorrento Drive
- Market: Pacific Palisades
- Acres: 0.5
- Buyer's Representative: Ingrid Sacerio - The Agency
- Seller's Representative: Cory Weiss - Douglas Elliman
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
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