556 Via De La Paz
Pacific Palisades, CA, 90272 $ 3,625,000
Bedrooms7 Baths6.0 Sq 4,620 Monthly Estimate*
$ 25,322
Listed by Carolwood Estates
for $3,625,000 with 7 bedrooms and 6 full baths. This 4,620 square foot home was built in 1924 on a lot size of 0.1722.
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.
See more
FeaturesGeneralInterior Features CeilingFans
Appliances Dishwasher Disposal Refrigerator Dryer Washer
Zoning LAR1
Architectural Style Spanish
Year Built 1924
View CityLights Ocean
Stories 2
Levels Two
Gross Income 230580.0
County Los Angeles
Net Operating Income 181217.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 556 Via De La Paz Pacific Palisades 90272
City Pacific Palisades
View Y/N Y
Senior Community Y/N N
Total Units 6
MLS Area C15 - Pacific Palisades
Lot Size Square Feet 7502.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Via De La Paz
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 5.0
See more
InteriorFlooring Wood
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features CommonArea
Total Bedrooms 7
Electric On Property Y/N N
Total Baths 6
See more
ExteriorParking Features Assigned Driveway
Total Parking 4.0
Lot Size Area 7502.0
Number of Buildings 2
Spa N
Building Area Total 4620.0
Lot Size Acres 0.1722
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $25,322
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% 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.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/6/2024 | $3,625,000 | | Listed Price |