CA > Pacific Palisades
Pacific Palisades, CA 90272,16117 W Sunset BLVD
Pacific Palisades, CA 90272,16117 W Sunset BLVD
Pacific Palisades, CA 90272,16117 W Sunset BLVD
Pacific Palisades, CA 90272,16117 W Sunset BLVD
Pacific Palisades, CA 90272,16117 W Sunset BLVD
Pacific Palisades, CA 90272,16117 W Sunset BLVD
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Rosanna Lopez

Rosanna Lopez

+1(562) 986-0415
$ 5,750,000
Est. payment | /mo

23 Beds

23 Baths

13,068 SqFt

Save
$ 5,750,000
Est. payment | /mo
Save

23 Beds

23 Baths

13,068 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,068 sqft

Price per Sqft $440

MLS Listing ID 25567811

Bedrooms 23

HOA Y/N No

Year Built 1991

Lot Size 8,629 Sqft

Property Description

We are proud to present a uniquely positioned multifamily investment opportunity in the heart of Pacific Palisades. Located at 16117 W Sunset Blvd, this 13-unit building constructed in 1991 and exempt from the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies) offers a rare chance to acquire a non-rent-controlled asset at a significant discount to both current replacement cost and pre-fire valuations. Following the Palisades fire, only 5 tenants remain in occupancy, providing a buyer with the immediate ability to re-tenant the majority of units at market-leading rental rates. This creates a compelling value proposition: a high-quality building with strong fundamentals, considerable income upside, and exceptional long-term positioning. The property features a well-balanced unit mix of ten oversized 2-bedroom, 2-bath units and three large 1-bedroom, 1-bath units. Many units include upgraded kitchens and bathrooms, hardwood flooring, in-unit laundry, fireplaces, central HVAC, walk-in closets, and balconies. Select penthouse units offer soaring vaulted ceilings and abundant natural light. The building also includes gated subterranean parking (exempt from mandatory soft-story retrofit), an intercom entry system, and a landscaped front facade. Strategically located along prestigious Sunset Boulevard between Santa Monica and Malibu, the property provides tenants with easy access to the beach, top-tier schools, and the future reopening of Caruso's Palisades Village. More than just a value-add play, this offering presents a rare opportunity to participate in the rebuild and revitalization of Pacific Palisades by delivering much-needed luxury housing in one of Los Angeles' most supply-constrained and sought-after rental markets.

Location

State CA

County Los Angeles

Area C15 - Pacific Palisades

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Laundry Stacked

Exterior

Parking Features Assigned

Total Parking Spaces 23

Building

Story 3

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4420002075

Special Listing Condition Standard

CRMLS – RECore
Listed by Jonathan Taksa Remax Commercial and Investment Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 986-0415

rosannalopezrealty@gmail.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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16117 W Sunset BLVD