$8,100,000
$8,880,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
770 PASEO MIRAMAR Pacific Palisades, CA 90272
7 Beds
9 Baths
7,000 SqFt
Key Details
Sold Price $8,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $1,157
MLS Listing ID 21-761534
Sold Date 12/09/21
Bedrooms 7
Lot Size 0.477 Acres
Property Sub-Type Multi-Family
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!
Location
State CA
County Los Angeles
Area Pacific Palisades
Zoning LARE15
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Alarm System, Barbeque, Bar Ice Maker, Dishwasher, Dryer, Garbage Disposal, Phone System, Range/Oven, Refrigerator, Washer
Exterior
Parking Features Garage - 3 Car
Garage Spaces 3.0
Building
Story 2
Others
Special Listing Condition Standard
Lease Land No
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Rodeo Realty