ActiveResidential · sale

1296 Capri Drive

Pacific Palisades, CA 90272

$7,999,000

  • 5 beds
  • 5 baths
  • 4,950 sq ft
  • 0.4 acres
  • Built 1966

Listed by Carolwood Estates · MLS #26652487

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1966.

Property size

0.4 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Set on a rare halfacre lot just moments from the Riviera Country Club 1296 Capri Drive is an extensively renovated singlestory estate that seamlessly blends European character with the ease of California indooroutdoor living Gated and private the property opens to a serene front courtyard anchored by an outdoor fireplace and lush mature plantings that diverge into various walkpaths An antique bronze and glass front door welcomes you into expansive interiors where every room connects directly to the surrounding gardens Oldworld craftsmanship is evident throughout with 15thcentury Italian doors sourced from Milan a carved Louis XV marble fireplace and two antique French stone fountains that define both the courtyard and the backyard with timeless elegance The thoughtfully designed floor plan is organized into two distinct wings The private wing is home to the primary suite which opens directly to the gardens and features dual bathrooms complete with a smart toilet dry sauna and two walkin closets Three additional ensuite bedrooms complete this side of the home offering comfort and flexibility for families and guests alike The entertaining wing centers around a den with a builtin bar surround sound builtin book shelf display and a climatecontrolled wine closet The main living room features a carved marble fireplace beneath vaulted beamed ceilings with a full wall of French doors that open to the gardens and flood the space with natural light throughout the day The Cooper Pacific chefs kitchen is truly in a class of its own Italian feather walnut travertine counters anchor the space while the professional appliance suite includes a 64inch Wolf range with French top and grill two Wolf ovens one steam Le Cornue rotisserie SubZero refrigeration dual Miele dishwashers Wolf refrigerator drawers and ice maker Irinox flash freezer and sous vide and a builtin Natufia hydroponic grower A walkin pantry and separate china closet provide generous storage without compromising the design The backyard is a true standout and one of the propertys most compelling features A sprawling grassy flat lawn offers exceptional space for children to play pets to roam and entertainment on any scale A grove of 100yearold olive trees creates a natural canopy over a gravel outdoor living area with overhead lighting making it an ideal setting for casual family dinners to larger gatherings The grounds were designed by Garett Carlson of Landarc and Stephen Block of Inner Gardens with organically treated soil and plantings throughout Raised vegetable garden beds and a working orchard of lemon orange peach plum fig mulberry yuzu Australian finger lime and avocado trees make the property as functional as it is beautiful A rosecovered gazebo adds charm and a dedicated area is well suited for a dog run Additional highlights include a 2500bottle refrigerated wine cellar builtin outdoor speakers two new HVAC systems with HEPA filtration allnew attic ducting and insulation three water heaters two tankless and full security cameras throughout the property A rare opportunity to own a truly special family home in one of the Pacific Palisades most soughtafter pockets

THE NEIGHBORHOOD

Explore the location.

1296 Capri Drive, Pacific Palisades, CA 90272

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1966
Full baths
5
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Microwave,Refrigerator,Dryer,Washer
Pool
No
Pool features
None
Spa
No
Zoning
LARE11
Parcel
4407013006
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$33,329.17
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1296 Capri Drive, Pacific Palisades, CA 90272 · MLS #26652487

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Listing information

MLS #26652487 · California Regional MLS

Listing brokerage: Carolwood Estates
Listing agent: Jane Dorian

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.