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855 Via De La Paz

Pacific Palisades, CA 90272
  • $5,200,000
  • STATUS: Active
  • ON SITE: 50 Days
  • ID#: SB21226427
UPDATED: 130 min ago
$5,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Ratings & Info

Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. and Laura Wallace of Lyon Stahl Investment Real Estate, Inc.

Description

855 Via De La Paz offers an unique VALUE-ADD opportunity for anyinvestor looking for a trophy beach city asset. With a prime location inone of the most affluent neighborhoods in Los Angeles and very fewmixed-use properties in the surrounding neighborhood, 855 Via De LaPaz is one of the Pacific Palisades' most highly sought afterinvestments.The property consists of two separate buildings, situated on a large7,401 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 6individual office spaces located upstairs. The back building is a triplex,with a unit mix of (1) 2Bed+1Bath and (2) 1Bed+1Bath units. All tenantsare up to date on rent paid through Covid.855 Via De La Paz is conveniently located just down the street from thenew 110,000 square foot mixed-use development, Pacific PalisadesVillage (Rick Caruso project), a downtown area filled with restaurants,apartment buildings and shopping. Boasting a walk score of 91, the localarea is considered extremely walkable. 855 Via De La Paz is the perfectasset for an investor looking for a unique asset in a top rental market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T08:24:39.45. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/122311955
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855 Via De La Paz Pacific Palisades, CA 90272

  • Price: $5,200,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 130 min ago
  • ID#: SB21226427
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1959
Built
Neighborhood:
C15 - Pacific Palisades
County:
Los Angeles
Area:
C15 - Pacific Palisades
Property Description
855 Via De La Paz offers an unique VALUE-ADD opportunity for anyinvestor looking for a trophy beach city asset. With a prime location inone of the most affluent neighborhoods in Los Angeles and very fewmixed-use properties in the surrounding neighborhood, 855 Via De LaPaz is one of the Pacific Palisades' most highly sought afterinvestments.The property consists of two separate buildings, situated on a large7,401 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 6individual office spaces located upstairs. The back building is a triplex,with a unit mix of (1) 2Bed+1Bath and (2) 1Bed+1Bath units. All tenantsare up to date on rent paid through Covid.855 Via De La Paz is conveniently located just down the street from thenew 110,000 square foot mixed-use development, Pacific PalisadesVillage (Rick Caruso project), a downtown area filled with restaurants,apartment buildings and shopping. Boasting a walk score of 91, the localarea is considered extremely walkable. 855 Via De La Paz is the perfectasset for an investor looking for a unique asset in a top rental market.
Exterior Features

Lot Features 0-1 Unit/Acre

Property Features

Additional Parcels YN No Common Interest None Gross Scheduled Income 233040 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms Conventional Net Operating Income 134595 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public Zoning C2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T08:24:39.45. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. and Laura Wallace of Lyon Stahl Investment Real Estate, Inc.