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770 Paseo Miramar

Pacific Palisades, CA 90272
  • $8,880,000
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: 21-761534
UPDATED: 19 min ago
$8,880,000
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,000
    SQFT
  • $1,269
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

TROPHY PROPERTY WITH 5.0 CAP in a AAA neighborhood! Rare opportunity with this incredible income-producing property on a long term lease and generating stable above market rent. PROPERTY IS ON A MULTI YEAR LEASE WITH RENTS INCREASING 3% YEARLY. This meticulously crafted & newer built Architectural home is designed by renowned architect Anthony Zubick, AIA. The gated & private 7 Bed, 9 Bath entertainer's home offers UNOBSTRUCTED OCEAN VIEWS FROM THE QUEENS NECKLACE TO DOWNTOWN. A thoughtfully designed floor plan offers panoramic views from nearly every room. Chef's kitchen featuring Wolf and Miele appliances seamlessly flows to dining & family rooms. Floating staircase leads to 4 bedrooms & a luxurious master wing w/dual closets, wrap around deck & world class master bath. Pocketing Fleetwood doors open to an expansive flat yard w/a full kitchen, pool & spa, fire pit, mature trees, & more. SMART HOME by Crestron. Perfect for a 1031 exchange!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T07:42:25.597. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.cgluxuryhomesla.com/homes/119364352
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770 Paseo Miramar Pacific Palisades, CA 90272

  • Price: $8,880,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 19 min ago
  • ID#: 21-761534
7
Beds
0
Baths
0
½ Baths
N/A
Acres
7,000
SQFT
$1,269
$/SQFT
Neighborhood:
Pacific Palisades
County:
Los Angeles
Area:
Pacific Palisades
Property Description
TROPHY PROPERTY WITH 5.0 CAP in a AAA neighborhood! Rare opportunity with this incredible income-producing property on a long term lease and generating stable above market rent. PROPERTY IS ON A MULTI YEAR LEASE WITH RENTS INCREASING 3% YEARLY. This meticulously crafted & newer built Architectural home is designed by renowned architect Anthony Zubick, AIA. The gated & private 7 Bed, 9 Bath entertainer's home offers UNOBSTRUCTED OCEAN VIEWS FROM THE QUEENS NECKLACE TO DOWNTOWN. A thoughtfully designed floor plan offers panoramic views from nearly every room. Chef's kitchen featuring Wolf and Miele appliances seamlessly flows to dining & family rooms. Floating staircase leads to 4 bedrooms & a luxurious master wing w/dual closets, wrap around deck & world class master bath. Pocketing Fleetwood doors open to an expansive flat yard w/a full kitchen, pool & spa, fire pit, mature trees, & more. SMART HOME by Crestron. Perfect for a 1031 exchange!
Exterior Features

Lot Size Area 20766 Other Structures None Parking Garage Garage - 3 Car Total Parking 3

Interior Features

Baths Total 9.00 Cooling Central Equipment Alarm SystemBarbequeBar Ice MakerDishwasherDryerGarbage DisposalPhone SystemRange/OvenRefrigeratorWasher Heating Central

Property Features

Gross Income 556200 Gross Operating Income 556200 Like Units1 1 Net Operating Income 426253.00 Number Of Buildings 1 Number Of Units 1 Sale Type Standard Source Living Area Owner Source Lot Size Area Builder Total Annual Expense 129947 Type Of Units Sfr Zoning Lare15

Listing provided courtesy of Aram Afshar DRE#01484569 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T07:42:25.597. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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