770 PASEO MIRAMAR, Pacific Palisades, CA 90272

About this property

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!

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$8,100,000

Sold December 2021 · listed $8,880,000, on market July 2021 · MLS #21761534 · Source: CRMLS

Listing Agent: Aram Afshar · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Roya Shabboui · Rodeo Realty

$9,250,000

Sold July 2014 · listed $9,999,000, orig. $12,999,000, on market December 2013 · MLS #13721915 · Source: CRMLS

Listing Agent: Santiago Arana · Listing Office: The Agency · Contact: 424-400-5900 · Bought with: Peyman Mehdizadeh · Peyman Mehdizadeh

$2,000,000

Sold March 2012 · listed $2,200,000, orig. $2,500,000, on market December 2010 · MLS #L34667 · Source: CRMLS

Listing Agent: Michael Easley · Listing Office: First Team Estates · Contact: 949-497-5454 · Bought with: Steven D. Ito · Coldwell Banker-Montana

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