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538 Chautauqua Boulevard

JNY Investments Sells Single Family Home In Pacific Palisades For $32.3 Million With Compass Agents
SOLDSingle Family

JNY Investments Sells Single Family Home In Pacific Palisades For $32.3 Million With Compass Agents

538 Chautauqua Boulevard

$32,300,000

Building Size

Asset Type

Single Family

Closing

Jul 19, 2024

AI

A single-family home located at 538 Chautauqua Boulevard in Pacific Palisades has been sold for $32,300,000. The property spans an area of 0.52 acres and includes six bedrooms and 12 bathrooms, marking a significant sale in the local market.

Summary of transaction details:

The transaction highlights the role of the respective representatives in this sale, with Cory Weiss representing the buyer, while the sellers were represented by a team of agents from Compass. This sale is notable as it marks the highest in the Pacific Palisades area in over a year.

Players

David Berg

Compass

Broker

$119.5M

vol

9 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93