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16100 West Sunset
Pacific Palisades, CA 90272


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Property Remarks

ALMOST $1 MILLION PRICE REDUCTION! 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. Also, please see listing at 834 4th Street. 32 Units in Prime Santa Monica.

Property Details

MLS#
17259784
Days on Market
98
Year Built
1995
Stories
3
Building/Living Area (sq ft)
20,522
Source of SqFt
Other
Source of Lot Size
Other

Location

State
CA
County
Los Angeles
Area
Pacific Palisades (C15)

Presented By:

Listing provided courtesy of Stephen Saltzman , Keller Williams-Santa Monica


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Elevator
Intercom
Cooking Appliances
Range Hood
Microwave
Range
Equip/Appliances
Dishwasher
Dryer
Garbage Disposal
Ice Maker
Refrigerator
Washer

Additional Property Details

Number of Units
20
Parking Spaces
40
Number of Buildings
1
Gross Operating Income
$690,120
Total Expense
$322,209
ADA Compliance
No

AC/Cooling
Central A/C
Heating
Central Furnace
Parking
Underground

Pacific Palisades

Tucked between Malibu and Santa Monica, Pacific Palisades offers ocean breezes and a luxurious suburban lifestyle. Known as the spot where the mountains meet the sea, this community supports high end boutique culture. Whether your steed of choice is a surfboard, a bicycle, or a horse, Pacific Palisades is a great place to indulge your favorite hobby.

Real Estate:  Pacific Palisades is famed for its large beautiful single family homes, many of them dating back to an earlier era. There are a wide variety of homes for sale from gracious estates to more modest single family properties as well as condominiums and townhomes. Larger apartment complexes often offer beautiful ocean views from upper floors.

Pacific Palisades is composed of several neighborhoods including The Huntington Palisades, the Alphabet Streets, El Medio Mesa, Marquez Knolls, and Castellammare, a community of narrow winding streets on small bluffs. Palisades Highlands in the northern area of Pacific Palisades includes four separate communities and has its own shopping center in the Low Highlands area.

Community Life:  Pacific Palisades has long attracted celebrities and affluent professionals who are drawn to the luxurious community and great schools. The famed Rivera Country Club offers golf and tennis in an elegant setting and hosts the PGA Tour’s Northern Trust Open each year.

Will Rogers State Park, the former Will Rogers Ranch includes a 31-room ranch house which offers tours, as well as a stable, corrals, riding ring, roping area, polo field, golf course, trail rides, and hiking trails. The Will Rogers Polo Club plays polo during the summer months. Palisades Park has four baseball diamonds, tennis courts, basketball courts, dog parks, multiple playgrounds, and more. Temescal Canyon offers great hiking with several different loops.

The Village is the heart of small business district with many local shops and hosts the Pacific Palisades Farmers’ Market on Sunday mornings.

Education: Pacific Palisades residents are zoned to the Los Angeles Unified School District. Local schools include Pacific Palisades Elementary School, Palisades Charter Elementary School, Canyon Elementary School, Marquez Charter School, Paul Revere Middle School, and Palisades Charter High School. Local private schools include Calvary Christian, Village School, and St. Matthew’s Parish School.

Transportation:  Pacific Palisades is most easily accessed by Pacific Coast Highway but can also be reached by the 405 Freeway.  It is served by several bus routes including Big Blue Bus Route 9.

Local Attractions: Located high in the hills, the Getty Villa is an ideal place to wile away an afternoon while viewing an unparalleled collection of classical art. Eames House, the home of Charles and Ray Eames, is open for exterior tours. The Self Realization Fellowship Lake Shrine includes meditation gardens and a temple which offers guided tours.  

Community Explorer

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