556 Via De La Paz
Pacific Palisades, CA, 90272 $ 3,625,000
Baths0.0 Sq 4,620 Monthly Estimate*
$ 24,093
Studio
for $3,625,000. This 4,620 square foot home was built in 1924 on a lot size of 0.17.
We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, two (2) studio units, and one (1) 2+1 unit (legal 1+1 unit). Three (3) units will be delivered vacant, and two (2) of the 6 units are not subject to City of Los Angeles rent control regulations. The investment boasts spacious floor plans, in-unit washer & dryers for the four front units, four (4) on-site private garages, five tankless water heaters, private balconies for the two front upstairs units, recently painted, and individually metered for gas and electricity. Approximately $165,000 was put into capital improvements updating and remodeling three of the units extensively. New sewer line, new roof, updated copper plumbing, new carpeting, HVAC, and refinished/ polished hardwood floors.The possibilities are endless; excellent for an owner user investment, or the value-add component of potential rental upside, and adding ADU's to further increase cash-flow.The charming and lively Palisades Village has many world-renowned cafes and restaurants, premier shops like Yves Saint Laurent, Chanel, Erewhon, Alfred's Coffee, Diptique, and many more. This is an incredible and rare opportunity in the supply constrained Pacific Palisades.
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FeaturesGeneralInterior Features Ceiling Fan(s)
Zoning LAR1
Architectural Style Spanish
Year Built 1924
View City Lights Ocean
Levels Two
County Los Angeles
Net Operating Income 181217.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Pending
City Pacific Palisades
Buyer Agent Compensation 2.25
View Y/N Yes
Senior Community Y/N No
MLS Area C15 - Pacific Palisades
Lot Size Square Feet 7502.0
Street Name Via De La Paz
Standard Status Pending
Buyer Agent Compensation Type %
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InteriorFlooring Wood
Kitchen Appliances Disposal Dishwasher Refrigerator
Total Stories 2
Laundry Features Washer Included Dryer Included Community
Total Baths 0
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ExteriorParking Features Assigned Driveway - Combination
Lot Size Area 7502.0
Building Area Total 4620.0
Lot Size Acres 0.17
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByDavis SaadianListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $24,093
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Pacific Palisades, CA
Average List Price $3,625,000
Percent of Sale Price 0%
About Pacific Palisades, CA 22,928 Population
2% Since 2002
$ 165,853 Median Income
50.18 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/6/2024 | $3,625,000 | | Listed Price |