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Michelle Pfeiffer & David E...

Michelle Pfeiffer And David E. Kelley Acquire $10.6M Pacific Palisades Mansion With Brokers Gary Glass & Cynthia Ambuehl
SOLDSingle Family

Michelle Pfeiffer And David E. Kelley Acquire $10.6M Pacific Palisades Mansion With Brokers Gary Glass & Cynthia Ambuehl

$10,625,000

$1,388/SF

Building Size

7,653 SF

Asset Type

Single Family

Closing

Oct 5, 2023

AI

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.

Players

Gary Glass

Christie's International Real Estate

Broker

$85.2M

vol

5 deals

Broker

David E. Kelley

Buyer

$33.1M

vol

2 deals

Buyer

Market 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

1.49%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93