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4601 Dorchester Road

David Spade Buys $9.5M Single Family Home In Corona Del Mar
SOLDSingle Family

David Spade Buys $9.5M Single Family Home In Corona Del Mar

4601 Dorchester Road

$9,500,000

$2,491/SF

Building Size

3,813 SF

Asset Type

Single Family

Closing

Dec 14, 2023

AI

The property at 4601 Dorchester Road in Corona del Mar was sold for $9,500,000. Spanning 3,813 square feet, the single-family home boasts unobstructed Pacific views and features an open floor plan. The contemporary residence offers access to four private beaches, providing a luxurious seaside living experience.

Summary of transaction details:

Comedian David Spade acquired the property through his trust in a purchase facilitated by Stuart Vetterick from Hilton & Hyland as his representative. Brenda McCroskey from Compass acted as the seller's representative in the transaction, overseeing the sale of the stunning contemporary home in Corona del Mar, California.

Players

Stuart Vetterick

Westside Estate Agency

Broker

$122.5M

vol

5 deals

Broker

David Spade

Buyer

$29M

vol

2 deals

Buyer

Corona Del Mar 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93