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:
- Property Type: Single Family
- Transaction Amount: $32,300,000
- Seller: JNY Investments
- Buyer's Representative: Cory Weiss - Douglas Elliman
- Seller's Representatives: David Berg, F. Ron Smith, Jacqueline Chernov & Kristin Alexander - Compass
- Date of Sale: 07/19/2024
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
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