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

Property Image
SOLD
$9,500,000
Stuart Vetterick
Brenda McCroskey
DS

California

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Single Family3,813 SF
Sold 12/14/2023
the dealplayerscompscontact
Property Image
SOLD

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

4601 Dorchester Road

See Similar Deals
Single Family3,813 SF
Sold 12/14/2023
Stuart Vetterick
Brenda McCroskey
DS
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,491
Total Square Footage:3,813 SF
Transaction Type:Sale

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
Stuart Vetterick
5 deals$122.5M volume
BROKER
Brenda McCroskey
Compass
Brenda McCroskey
1 deal$9.5M volume(949) 280-5563
BROKER
DS
David Spade
2 deals$29M volume
BUYER

Details

SOLD
IMAGE: Brenda McCroskey, David Spade & Stuart Vetterick DATE: 12/14/2023 ADDRESS: 4601 Dorchester Road MARKET: Corona del Mar ASSET TYPE: Single Family BUYER: David Spade (@DavidSpade) BUYER'S REP: Stuart Vetterick (@StuartVetterick) - Hilton & Hyland (@HiltonHyland) SELLER'S REP: Brenda McCroskey (@BrendaMcCroskeycdm) - Compass (@Compass) SALE PRICE: $9,500,000 SF: 3,813 ~ PPSF: $2,491 NOTE: Comedian David Spade purchased a $9.5 million spec home in Corona Del Mar, California, through his trust. The contemporary residence, designed by architect Mark Teale, offers unobstructed Pacific views, an open floor plan, and access to four private beaches.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16