855 Via De La Paz, Pacific Palisades, CA 90272

$5,200,000
List Price
$5,200,000
Price Change
▼ $200,000 1636411191
Status
ACTIVE
MLS#
SB21226427
Year Built
1959
Lot Size
7,401
Acres
0.17
Lot Location
Item01UnitAcre
Days on Market
42
Property Type
Commercial
Property Sub Type
Mixed Use

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.

Additional Information

Water
Public
Attached Structure
Detached
Number Of Units Total
11
Gross Scheduled Income
$233,040

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cameron Samimi from Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.