$4,550,000
$4,799,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
855 Via De La Paz Pacific Palisades, CA 90272
4 Beds
Key Details
Sold Price $4,550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21226335
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
855 Via De La Paz offers an unique VALUE-ADD opportunity for any investor looking for a trophy beach city asset. With a prime location in one of the most affluent neighborhoods in Los Angeles and very few mixed-use properties in the surrounding neighborhood, 855 Via De La Paz is one of the Pacific Palisades' most highly sought after investments. The property consists of two separate buildings, situated on a large 7,401 Sq.Ft lot zoned C2. The front building has 2 retail storefront units, currently occupied by an Acai Bowl and Lingerie Shop, as well as 6 individual office spaces located upstairs. The back building is a triplex, with a unit mix of (1) 2Bed+1Bath and (2) 1Bed+1Bath units. All tenants are up to date on rent paid through Covid. 855 Via De La Paz is conveniently located just down the street from the new 110,000 square foot mixed-use development, Pacific Palisades Village (Rick Caruso project), a downtown area filled with restaurants, apartment buildings and shopping. Boasting a walk score of 91, the local area is considered extremely walkable. 855 Via De La Paz is the perfect asset for an investor looking for a unique asset in a top rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Cameron Samimi Lyon Stahl Investment Real Estate, Inc.






