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560 Via De La Paz

Pacific Palisades, CA 90272
  • $3,995,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 23311825
UPDATED: 45 min ago
$3,995,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,620
    SQFT
  • $865
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Dan Urbach of Compass ()


Description

Welcome to Casa de la Paz, one of only two apartment buildings on Via de la Paz. Built in 1924, the 6-residence property offers a unique blend of Spanish architectural elegance, meticulously landscaped, grassy yard/grounds, and generously spacious floorplans. The front building features 4 residences, a 2-bedroom unit and three 1-bedroom units. The 2-bedroom and a 1-bedroom residence have undergone modern updates. Both upstairs units are exempt from LA rent control. All front residences feature in-unit laundry. Behind the front building is parking, a communal lounge/al fresco dining area, and access to the rear building featuring two studio units, communal washer-dryer, and four garages. The two updated front units as well as an original studio will be delivered vacant. Situated on arguably the most desirable block of Via de la Paz, this property is a mere three blocks east of the sought-after Palisades Village and just two blocks from the breathtaking bluffs that offer panoramic views of the entire coastline and ocean - perfect for sunset strolls. Whether you seek a charming pied--terre or desire to secure a rare asset in Pacific Palisades, this offering presents boundless potential to discerning buyers that appreciate timeless architecture in a coveted neighborhood.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143449099
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560 Via De La Paz Pacific Palisades, CA 90272

  • Price: $3,995,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 45 min ago
  • MLS #: 23311825
8
Beds
0
Baths
0
½ Baths
0.17
Acres
4,620
SQFT
$865
$/SQFT
1924
Built
Neighborhood:
C15 - Pacific Palisades
County:
Los Angeles
Area:
C15 - Pacific Palisades
Property Description
Welcome to Casa de la Paz, one of only two apartment buildings on Via de la Paz. Built in 1924, the 6-residence property offers a unique blend of Spanish architectural elegance, meticulously landscaped, grassy yard/grounds, and generously spacious floorplans. The front building features 4 residences, a 2-bedroom unit and three 1-bedroom units. The 2-bedroom and a 1-bedroom residence have undergone modern updates. Both upstairs units are exempt from LA rent control. All front residences feature in-unit laundry. Behind the front building is parking, a communal lounge/al fresco dining area, and access to the rear building featuring two studio units, communal washer-dryer, and four garages. The two updated front units as well as an original studio will be delivered vacant. Situated on arguably the most desirable block of Via de la Paz, this property is a mere three blocks east of the sought-after Palisades Village and just two blocks from the breathtaking bluffs that offer panoramic views of the entire coastline and ocean - perfect for sunset strolls. Whether you seek a charming pied--terre or desire to secure a rare asset in Pacific Palisades, this offering presents boundless potential to discerning buyers that appreciate timeless architecture in a coveted neighborhood.
Exterior Features

Architectural Style Spanish Open Parking Spaces 3 Parking Features Driveway Parking Total 7 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherRefrigeratorDryerWasher Flooring TileWood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.57 Garage YN Yes Gross Income 284400 Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 222541 New Construction YN No Possession Close Of Escrow Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Vacancy Allowance Rate 3 Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371932062-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371932062-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371932062-2.jpg
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Dan Urbach of Compass ()