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16117 W Sunset Blvd
Pacific Palisades, CA 90272
1991 Built! Pacific Palisades (Great Basis) · Multifamily Property For Sale
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13 Units
Investment Highlights
- Non-Rent-Controlled Asset: Built in 1991 and exempt from the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies)
- Strong Leasing Upside: With only 6 tenants remaining, a buyer can immediately re-tenant the majority of units at top-of-market rents.
- Gated Subterranean Parking: On-site gated parking is exempt from mandatory soft-story retrofit requirements
- Significant Discount to Value: Being offered at a substantial discount to both current replacement cost and pre-fire valuations
- Desirable Unit Mix: Includes ten oversized 2-bed/2- bath units and three spacious 1-bed/1-bath units
- Palisades Rebuild Opportunity: Rare chance to be part of the transformation and revitalization of Pacific Palisades following the fire
Property Facts
| No. Units | 13 | Building Size | 13,068 SF |
| Property Type | Multifamily | Average Occupancy | 46% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Building Class | B | Parking Ratio | 1.76/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R3 - Multiple Dwelling | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 13,068 SF |
| Average Occupancy | 46% |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | R3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Microwave
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 |
| 2+2 | 10 | - | 950 - 1,200 |
Property Taxes
| Parcel Number | 4420-002-075 | Improvements Assessment | $2,292,498 |
| Land Assessment | $3,973,156 | Total Assessment | $6,265,654 |
Property Taxes
Parcel Number
4420-002-075
Land Assessment
$3,973,156
Improvements Assessment
$2,292,498
Total Assessment
$6,265,654
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