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556-558 Via de la Paz
Pacific Palisades, CA 90272
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Current High Yield 5% Cap Rate
- High Barrier to Entry | Prime Pacific Palisades Submarket
- New Sewer line, roof, carpeting, exterior paint, HVAC, copper plumbing, & refinished/ polished hardwood floors
- Three (3) Units Delivered Vacant | 2 of the 6 units are not subject to LA City Rent Stabilization Ordinance
- Excellent Income Property with Additional Rental Upside & ADU Potential to Further Increase Cash-Flow. Incredible owner-user investment as well
- Approximately $165,000 Spent Renovating 3 of the Units
Property Facts
| No. Units | 6 | Construction Status | Demolished |
| Property Type | Multifamily | Building Size | 4,620 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1924/2023 |
| Lot Size | 0.17 AC | Parking Ratio | 1.52/1,000 SF |
| Zoning | LAR1 - LAR1-1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Construction Status | Demolished |
| Building Size | 4,620 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2023 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | LAR1 - LAR1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Dining Room
- Family Room
- Garden
- Lawn
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 4412-018-007 | Improvements Assessment | $923,100 |
| Land Assessment | $2,774,400 | Total Assessment | $3,697,500 |
Property Taxes
Parcel Number
4412-018-007
Land Assessment
$2,774,400
Improvements Assessment
$923,100
Total Assessment
$3,697,500
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