16070 W Sunset Blvd - Apartments FOR SALE


Pacific Palisades, CA 90272
$9,550,000 USD
310-968-5303
16070 W Sunset Blvd, Pacific Palisades, CA for Sale
$9,550,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

16070 W Sunset Blvd
Pacific Palisades, CA 90272


HIGHLIGHTS

  • Incredible Pacific Palisades Location
  • Amazing Basis Play (Priced significantly lower than pre-fire value)
  • EXEMPT from LA city rent control (AB 1482 applies)
  • All large Two Bedroom Two Bath units
  • Subterranean parking (2 spaces per unit)

OVERVIEW

We are pleased to present a rare 1990's vintage property in Pacific Palisades. Priced exceptionally lower than pre-fire pricing, this is an extremely unique opportunity to purchase a 21 unit NON RENT CONTROLLED (AB 1482 applies) apartment building at an amazing basis. All units are very large 2 bedroom 2 bath floor plans. Central HV/AC, fireplaces, balconies, in unit washer and dryer and many more features.

FOR SALE DETAILS

PRICE

$9,550,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

21

PRICE/UNIT

$454,762

CAP RATE

Request Cap Rate

% LEASED

24%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21 Units (all 2 bedrooms) Exempt from RSO!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

LAR3

APN/PARCEL ID

4414-002-028

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.