556 Vía De La Paz

556 Vía De La Paz

Pacific Palisades, CA 90272

$3,625,000
Price
7
Beds
6
Baths
4,620 Sq. Ft.
$785 / Sq. Ft.
4,620
Sq. Ft.
$785
per Sq. Ft.
a front view of a multi story residential apartment buildings
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an aerial view of multiple house
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a living room with furniture and a large window
a living room with furniture and wooden floor
a living room with furniture and wooden floor
a living room with furniture a rug and a chandelier
a living room with furniture and a window
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a view of a a dining room with furniture window and wooden floor
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a dining room with furniture and wooden floor
a view of a dining room with furniture and wooden floor
a kitchen with a sink and a stove
a kitchen with appliances and cabinets
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a kitchen with a stove and a sink
a bedroom with a bed and a lamp on dresser
a bedroom with a bed and wooden floor
a bedroom with a bed and a window
a bathroom with a sink a toilet and mirror
a bathroom with a sink a toilet and mirror
a bathroom with a sink and a bathtub
a view of a dining room with furniture and wooden floor
a view of a dining room with furniture and wooden floor
a kitchen with a sink cabinets and a window
a kitchen with white cabinets and stainless steel appliances
a kitchen with a sink a refrigerator and cabinets
a kitchen with stainless steel appliances a white stove top oven and a refrigerator
a kitchen with sink cabinets and window
a kitchen with a stove oven and sink
a living room with furniture
a living room with furniture
a living room with furniture rug and window
a living room with furniture
a bedroom with a bed and closet with wooden floor
a bedroom with a bed and a chandelier
a bathroom with a sink a mirror and a bathtub
a bathroom with a toilet sink and mirror
a dining room with furniture and window
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a front view of a house with a yard
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a view of a patio with table and chairs and potted plants

Description

We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in...We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, two (2) studio units, and one (1) 2+1 unit (legal 1+1 unit). Three (3) units will be delivered vacant, and two (2) of the 6 units are not subject to City of Los Angeles rent control regulations. The investment boasts spacious floor plans, in-unit washer & dryers for the four front units, four (4) on-site private garages, five tankless water heaters, private balconies for the two front upstairs units, recently painted, and individually metered for gas and electricity. Approximately $165,000 was put into capital improvements updating and remodeling three of the units extensively. New sewer line, new roof, updated copper plumbing, new carpeting, HVAC, and refinished/ polished hardwood floors. The possibilities are endless; excellent for an owner user investment, or the value-add component of potential rental upside, and adding ADU's to further increase cash-flow. The charming and lively Palisades Village has many world-renowned cafes and restaurants, premier shops like Yves Saint Laurent, Chanel, Erewhon, Alfred's Coffee, Diptique, and many more. This is an incredible and rare opportunity in the supply constrained Pacific Palisades.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 556 Vía De La Paz

Zoning
LAR1
Style
Spanish
Parcel Number
4412018007
Total Units
6.0
Living Area
4620
Source Living Area
Vendor Enhanced
Area
Pacific Palisades (C15)
Vacancy Rate
50%

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute
LISTING UPDATED: 04/13/2024 12:01 AM

Property Details for 556 Vía De La Paz

StatusActive
MLS #24-376737
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748
Add your commute

Building Information for 556 Vía De La Paz

Stories2Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$23,835 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,783

Property Taxes

$4,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 556 Vía De La Paz

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City, Ocean
  • View: City Lights, Ocean
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $230,580
  • Net Operating Income: $181,217.00
  • Gross Income: $230,580
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $15.00
  • Total Annual Expense: 49363
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Other, Assigned, Driveway - Combination
  • Total Parking: 4
  • Parking Features: Assigned, Driveway - Combination
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Hardwood
  • Equipment: Garbage Disposal, Freezer, Electric Dryer Hookup, Dryer, Dishwasher, Ceiling Fan, Hood Fan, Washer, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Other
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit, Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,940.00
  • Unit Actual Rent: $1,940.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $4,995.00
  • Unit Projected Rent: $4,995.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $2,438.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,040.00
  • Unit Actual Rent: $1,040.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $912,900.00
  • Assessed Improvement Percent: 22.98
  • Assessed Land Value: $3,060,000.00
  • Assessed Land Percent: 77.02
  • Assessed Total Value: $3,972,900.00

Property History for 556 Vía De La Paz

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 556 Vía De La Paz

Taxable ValueLand$3,060,000Additions$912,900Total$3,972,900
Tax Record2023$48,626 ($4,052 / month)
Home Facts
Total Finished SqFt4,620 SqFtAbove Grade Finished SqFt4,620 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLAR1CountyLOS ANGELESAPN4412-018-007

Schools near 556 Vía De La Paz

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Palisades Charter Elementary School
Charter - K to 5
Paul Revere Middle School
Charter - 6 to 8
Palisades Charter High School
Charter - 9 to 12
Community Magnet Charter Elementary School
Charter - K to 5
Rating
School
Distance
Palisades Charter Elementary School
CharterK to 5

Paul Revere Middle School
Charter6 to 8

Palisades Charter High School
Charter9 to 12

Community Magnet Charter Elementary School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 556 Vía De La Paz, Pacific Palisades, CA 90272

556 Vía De La Paz is a multi-family home for sale in Pacific Palisades, CA 90272. This property was listed for sale on April 5, 2024 by Carolwood Estates, it's currently listed at $3,625,000. It has been on the market for a total of 27 days and was last sold on March 16, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Palisades Charter Elementary School, Paul Revere Middle School and Palisades Charter High School. 556 Vía De La Paz is a 7-bed, 6-bath, 4,620 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.