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

Property Image
SOLD
$32,300,000
Jacqueline Chernov
F. Ron Smith
David Berg
+ 2

California

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Single Family
Sold 07/19/2024
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Property Image
SOLD

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

538 Chautauqua Boulevard

See Similar Deals
Single Family
Sold 07/19/2024
Jacqueline Chernov
F. Ron Smith
David Berg
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale

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
David Berg
9 deals$119.5M volume(310) 500-3931
BROKER
F. Ron Smith
Compass
F. Ron Smith
10 deals$128.5M volume
BROKER
Jacqueline Chernov
Compass
Jacqueline Chernov
2 deals$40.7M volume
BROKER
Cory Weiss
Douglas Elliman
Cory Weiss
2 deals$53.8M volume(310) 922-1124
BROKER
Kristin Alexander
Compass
Kristin Alexander
1 deal$32.3M volume(949) 300-9166
BROKER

Details

SOLD
IMAGE: Yaniv Nehemia, Cory Weiss, David Berg, F. Ron Smith, Jacqueline Chernov & Kristin Alexander DATE: 07/19/2024 ADDRESS: 538 Chautauqua Boulevard MARKET: Pacific Palisades ASSET TYPE: Single Family ~ ACRES: 0.52 SELLER: JNY Investments - Yaniv Nehemia BUYER'S REP: Cory Weiss (@CoryeWeiss) - Douglas Elliman (@DouglasElliman) SELLER'S REP: David Berg (@Smith andBerg), F. Ron Smith (@FRonSmith), Jacqueline Chernov (@JacChernovteam) & Kristin Alexander (@Kristin.l.Alexander) - Compass (@Compass) SALE PRICE: $32,300,000 NOTE: A Pacific Palisades spec mansion sold for $32.3 million, marking the neighborhood's highest sale in over a year. The six-bedroom, 12-bath property at 538 Chautauqua Boulevard was listed by Compass agents and sold by Douglas Elliman’s Cory Weiss, highlighting the area's growing luxury market appeal.

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

$1,722,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$114,755.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$153,118.48
Annual Debt Service$1,837,421.74