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33552199
33552222

229 Palos Verdes Drive W, Palos Verdes Estates, CA 90274

JS
01981597
Lyon Stahl Investment Real Estate
ST
CA 01944770
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$3,149,000
1 day on market
Updated 1 day ago

229 Palos Verdes Drive W

Details
APN 7539-008-003
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,994
Units 6
Cap Rate 2.73%
NOI $86,040
Tenancy Multi
Pro-Forma Cap Rate 6.99%
Pro-Forma NOI $213,958
Price per SqFt $525
Year Built 1956
Buildings 1
Lot Size (SqFt) 8,490
Zoning PVRM
Parking Spaces 6 spaces
Parking Per SqFt 1.00
Investment Type Value Add

Multifamily | 2.73% CAP | 6 Units

Marketing description

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 property's 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.

Investment highlights

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

Listing Contacts

JS
01981597
Lyon Stahl Investment Real Estate
ST
CA 01944770
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,040.00
$7,170.00/mo

Valuation Metrics

0
DSCR
2.73%
Cap Rate
2.73%
ROI

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