229 Palos Verdes Dr W - Multi-Family FOR SALE


Palos Verdes Estates, CA 90274- Palos Verdes Peninsula
$3,149,000 USD
310-447-2213
229 Palos Verdes Dr W, Palos Verdes Estates, CA for Sale
$3,149,000 USD
Multi-Family - FOR SALE
1/33
null | 2.73% Cap Rate

229 Palos Verdes Dr W
Palos Verdes Estates, CA 90274
Palos Verdes Peninsula


HIGHLIGHTS

  • Rare 6-Unit Apartment Building in Palos Verdes Estates
  • Prime Malaga Cove Location with Scenic Walking Trail Access to the Beach and Hollywood Riviera
  • Unit Mix: (2) 1 Bed / 1 Bath Units & (4) 2 Bed / 1 Bath Units (Select Units Feature Ocean Views)
  • 5,994 SF Building Situated on an 8,490 SF Lot
  • Private One-Car Garage and Driveway Parking for Each Unit
  • Significant Value-Add Opportunity with Strong Long-Term Rental Growth

OVERVIEW

Stiegler | Takahashi Group is pleased to present 229 Palos Verdes Dr W, a multifamily investment opportunity located in the highly desirable Malaga Cove neighborhood of Palos Verdes Estates. The property consists of (2) one-bedroom/one-bath units and (4)two-bedroom/one-bath units totaling approximately 5,994 square feet on an 8,490 square foot lot. Each unit includes a private one-car garage and driveway parking space, with additional parking conveniently located across the street. Select units enjoy ocean views, while tenants benefit from the propertys exceptional location near scenic walking trails leading to the beach and the Hollywood Riviera. Multifamily opportunities in Palos Verdes Estates are extremely limited, making this a unique investment opportunity with significant long-term upside and value-add potential through rental repositioning. Combining an irreplaceable coastal location, strong unit mix, ample parking, and ocean-view potential, 229 Palos Verdes Dr W offers investors the opportunity to acquire a premier multifamily asset in one of Southern California’s most sought-after coastal communities.

FOR SALE DETAILS

PRICE

$3,149,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

6

PRICE/UNIT

$524,833

CAP RATE

2.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Malaga Cove- 6 Unit Building

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,490 SF

ZONING

PVRM*

APN/PARCEL ID

7539-008-003

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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