Jennifer Lopez & Ben Affleck Acquire Pacific Palisades Single Family For $34.5M With Berkshire Hathaway HomeServices
SOLD
$34,500,000
National
See Similar DealsSingle Family15,100 SF
Sold 02/14/2023
SOLD
Jennifer Lopez & Ben Affleck Acquire Pacific Palisades Single Family For $34.5M With Berkshire Hathaway HomeServices
Single Family15,100 SF
Sold 02/14/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$2,284
Total Square Footage:15,100 SF
Transaction Type:Sale
A single family property located in Pacific Palisades recently sold for $34,500,000. The property, situated on a 1-acre lot, offers a spacious living area of 15,100 square feet. The transaction took place on February 14, 2023.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $34,500,000
- Market: Pacific Palisades
- Acres: 1
Notably, this property was purchased by Jennifer Lopez and Ben Affleck. They were represented by Gary Glass from Berkshire Hathaway HomeServices California.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,840,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$122,571.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$163,547.60
Annual Debt Service$1,962,571.21
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