Los Angeles, Residential Income – 16100 Sunset Blvd, Pacific Palisades, CA 90272, USA -001-11-30T00:00:00-08:00
This is only one of a total of five multi family properties in all of Pacific Palisades that is NON RENT CONTROL. Very, very rare Investment Opportunity in the Palisades. Only second time available for sale in over 20 years. According to CoStar, only one mul
16100 Sunset Blvd, Pacific Palisades, CA 90272, USA
$15,200,000 USD
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Address16100 West Sunset, Pacific Palisades
Price$15,200,000
Year Built1995
Bedrooms Total0
Living Area20,522
Lot Size (Sq.Ft.)17,916
Listing ID17259784
StatusActive
Parcel Number4414001001
ZoningLAR3
Special ConditionsStandard
Days on Market29

Detailed Description: This is only one of a total of five multi family properties in all of Pacific Palisades that is NON RENT CONTROL. Very, very rare Investment Opportunity in the Palisades. Only second time available for sale in over 20 years. According to CoStar, only one multi family property has sold in the past two years in this zip code. Very close to new Caruso development in the Village. Central Air and Heating, Washer and Dryer in each unit, Elevator, Subterranean Parking, Individual Storage for each unit, many units have Granite Kitchens and Bathroom Counter Tops, Upgraded Appliances and abundant closet space. Large balconies and Controlled Access Entry. Trash Chutes on each floor. Units separately metered for gas and electric. Please see Documents for full OM.

Cooling
Laundry
Parking
Appliances

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Address Information
Address16100 West Sunset, Pacific Palisades
Street PrefixWest
CityPacific Palisades
Location (MLS Area)C15 – Pacific Palisades
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90272
Financial Information
Price per Square Foot$740.67
Price per Lot Square Foot$848.40
Price per Unit$760,000
Special ConditionsStandard
Total Expenses$333,521
Gross Operating Income$675,780
Net Operating Income$342,259
Gross Multiplier22.5%
Tax Year2000
Full Descriptions
Parcel Number4414001001
Detailed DescriptionThis is only one of a total of five multi family properties in all of Pacific Palisades that is NON RENT CONTROL. Very, very rare Investment Opportunity in the Palisades. Only second time available for sale in over 20 years. According to CoStar, only one multi family property has sold in the past two years in this zip code. Very close to new Caruso development in the Village. Central Air and Heating, Washer and Dryer in each unit, Elevator, Subterranean Parking, Individual Storage for each unit, many units have Granite Kitchens and Bathroom Counter Tops, Upgraded Appliances and abundant closet space. Large balconies and Controlled Access Entry. Trash Chutes on each floor. Units separately metered for gas and electric. Please see Documents for full OM.
Interior FeaturesElevator
Laundry FeaturesWasher Included, Dryer Included
Cooling DescriptionCentral
Appliances DescriptionGarbage Disposal, Ice Maker, Refrigerator, Dishwasher
Parking FeaturesSubterranean, Controlled Entrance
Property parameters
Year Built1995
Living Area (Sq.Ft.)20,522
Lot Size (Sq.Ft.)17,916
Lot Size (Acres)0.41
Lot Size SourceSee Remarks
Number of Buildings1
Number of Units Total20
ZoningLAR3
Stories Total3
Units Total20
Cap Rate (For Cash Payment Only)2.25
Listed withStephen Saltzman (Keller Williams-Santa Monica)