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4700 Surrey Drive

Paul Daftarian Represents Buyer In $24.5M Sale Of 4700 Surrey Drive Corona Del Mar
SOLDSingle Family

Paul Daftarian Represents Buyer In $24.5M Sale Of 4700 Surrey Drive Corona Del Mar

4700 Surrey Drive

$24,500,000

Building Size

Asset Type

Single Family

Closing

May 12, 2025

AI

The property located at 4700 Surrey Drive in Corona del Mar, a single-family home, has sold for $24,500,000. This sale represents the highest price in Cameo Highlands and the third-most expensive home sale in the area's history.

Summary of transaction details:

Michael Balliet, Paul Daftarian, and Ruby Wang of Daftarian Group: Luxe Real Estate facilitated the transaction. Paul Daftarian represented the buyer, while Ruby Wang and Michael Balliet represented the seller.

Players

Paul Daftarian

Broker

$238.6M

vol

9 deals

Broker

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93