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Michelle Pfeiffer And David E. Kelley Acquire $10.6M Pacific Palisades Mansion With Brokers Gary Glass & Cynthia Ambuehl
SOLD
$10,625,000
California
See Similar DealsSingle Family7,653 SF
Sold 10/05/2023
SOLD
Michelle Pfeiffer And David E. Kelley Acquire $10.6M Pacific Palisades Mansion With Brokers Gary Glass & Cynthia Ambuehl
Single Family7,653 SF
Sold 10/05/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$1,388
Total Square Footage:7,653 SF
Transaction Type:Sale
Michelle Pfeiffer and David E. Kelley have purchased a 7,653-square-foot mansion in the Pacific Palisades Riviera for $10,625,000. The single-family property is situated on 0.38 acres and is located adjacent to Bill Cosby's home. The '90s-style mansion features a formal entryway, luxurious rooms, and a backyard with a vine-draped loggia, dining patio, and swimming pool.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,625,000
- Market: Pacific Palisades
- Acres: 0.38
The purchase of the mansion was facilitated by Gary Glass and Cynthia Ambuehl, brokers from AKG Christie's International Real Estate, who represented Michelle Pfeiffer and David E. Kelley in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$566,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,748.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,367.92
Annual Debt Service$604,415.05
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