Courtesy of: Cameron Samimi 02035763 | Lyon Stahl Investment Real Estate, Inc.
Purchase Type: Sale
MLS ID: SB21226335MR
Days On Market: 65
Square Footage: 5,280 Sq ft
Property Type: Residential Income
Property Subtype: Apartment Building
Area: Pacific Palisades
Swimming Pool: No
Address: 855 Via De La Paz
County: Los Angeles
City: Pacific Palisades
Neighborhood: Pacific Palisades
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.