FOR SALE
556 Via De La Paz
Pacific Palisades, CA 90272
Pacific Palisades
7 Beds
6 Baths
4,620 sqft
- 7 Beds
- 6 Baths
- 4,620 sqft
7 Beds
6 Baths
4,620 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, two (2) studio units, and one (1) 2+1 unit (legal 1+1 unit). Three (3) units will be delivered vacant, and two (2) of the 6 units are not subject to City of Los Angeles rent control regulations. The investment boasts spacious floor plans, in-unit washer & dryers for the four front units, four (4) on-site private garages, five tankless water heaters, private balconies for the two front upstairs units, recently painted, and individually metered for gas and electricity. Approximately $165,000 was put into capital improvements updating and remodeling three of the units extensively. New sewer line, new roof, updated copper plumbing, new carpeting, HVAC, and refinished/ polished hardwood floors.The possibilities are endless; excellent for an owner user investment, or the value-add component of potential rental upside, and adding ADU's to further increase cash-flow.The charming and lively Palisades Village has many world-renowned cafes and restaurants, premier shops like Yves Saint Laurent, Chanel, Erewhon, Alfred's Coffee, Diptique, and many more. This is an incredible and rare opportunity in the supply constrained Pacific Palisades.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$785
Listed
23 days ago
Home Details for 556 Via De La Paz
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 4620 Square Feet |
Appliances & Utilities Appliances: Disposal, Freezer, Dryer, Dishwasher, Exhaust Fan, Washer, Range/Oven, Recirculated Exhaust Fan, RefrigeratorDishwasherDisposalDryerLaundry: In Unit,Common Area,Electric Dryer HookupRefrigeratorWasher |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Hardwood |
View Has a ViewView: City, Ocean |
Exterior Features |
|---|
Exterior Home Features Other Structures: OtherExterior: Balcony |
Parking & Garage No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: Garage - 4+ Car,Other,Assigned,Driveway - Combination |
Days on Market |
|---|
Days on Market: 23 |
Property Information |
|---|
Year Built Year Built: 1924 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Spanish |
Price & Status |
|---|
Price List Price: $3,625,000Price Per Sqft: $785 |
Active Status |
|---|
MLS Status: Active |
Location |
|---|
Direction & Address City: Pacific Palisades |
Agent Information |
|---|
Listing Agent Listing ID: 24-376737 |
Building |
|---|
Building Area Building Area: 4620 Square Feet |
Lot Information |
|---|
Lot Area: 7501.032 sqft |
Listing Info |
|---|
Special Conditions: Standard |
Compensation |
|---|
Buyer Agency Commission: 2.25Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
|---|
Mls Number: 24-376737Water ViewWater View: Ocean |
Last check for updates: about 19 hours ago
Listing courtesy of Davis Saadian DRE # 01921748, (310) 402-8958
Carolwood Estates, (310) 623-3600
Source: CLAW, MLS#24-376737
Price History for 556 Via De La Paz
| Date | Price | Event | Source |
|---|---|---|---|
| 04/05/2024 | $3,625,000 | Listed For Sale | CLAW #24-376737 |
| 07/07/2023 | ListingRemoved | CLAW #23-250959 | |
| 04/02/2023 | $4,295,000 | Listed For Sale | CLAW #23-250959 |
| 05/10/2022 | $3,895,000 | Sold | N/A |
| 07/02/2020 | $2,706,000 | Sold | CLAW #20551076 |
| 02/21/2020 | $2,450,000 | Pending | Agent Provided |
| 02/05/2020 | $2,450,000 | Listed For Sale | Agent Provided |
Similar Homes You May Like
Skip to last item
0.33 ACRESSantiago Arana DRE # 01492489, The Agency- Kristal Moffett DRE # 01885488, Douglas Elliman of California, Inc.
- Leanne Thrasher DRE # 01896013, The Agency
- NEW - 2 DAYS AGOAfrouz Nosratian DRE # 01370450, Coldwell Banker Realty
- Mick Partridge DRE # 02015130, The Beverly Hills Estates
- NEW CONSTRUCTIONAnthony Marguleas DRE # 01173073, Amalfi Estates
- 0.34 ACRESChristopher Dyson DRE # 01762388, The Agency
- 0.52 ACRESGary Gold DRE # 00813554, Coldwell Banker Realty
- OPEN TUE, 11-2PMClaire Burns DRE # 01381493, Compass
- OPEN SUN, 2-5PMSue Choi DRE # 00943234, Choice 100 Realty, Inc.
- Damion Tulloch DRE # 02180544, eXp Realty of California Inc
See more homes for sale inPacific PalisadesTake a look
Skip to first item
New Listings near 556 Via De La Paz
Skip to last item
- Brooke A. Elliott DRE # 01965650, Christie's AKG
- Kristal Moffett DRE # 01885488, Douglas Elliman of California, Inc.
- Evan Dolmatsky DRE # 01968687, Compass
- Jack Graniti DRE # 01317555, Pacifica West Properties
- NEW - 2 DAYS AGOAfrouz Nosratian DRE # 01370450, Coldwell Banker Realty
- Gavaska Williams 'Bounce' DRE # 01387798, Compass
- Leanne Thrasher DRE # 01896013, The Agency
- OPEN TUE, 11-2PM0.3 ACRESSylvia Dunbar DRE # 01233146, Sotheby's International Realty
- Bita Goodman DRE # 01873432, Sotheby's International Realty
- Tiffany Yi Hu DRE # 01983414, Douglas Elliman
- NEW - 2 DAYS AGOChristopher Dyson DRE # 01762388, The Agency
- David Solomon DRE # 01386406, Douglas Elliman of California, Inc.
- See more homes for sale inPacific PalisadesTake a look
Skip to first item
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $48,626 |
| Assessment | $3,972,900 |
Home facts updated by county records
Comparable Sales for 556 Via De La Paz
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.94 | Multi-Family Home | $2,000,000 | 07/03/23 | 10 | 7 | 5,263 | |
1.75 | Multi-Family Home | $3,350,000 | 07/18/23 | 10 | 7 | 5,776 | |
1.02 | Multi-Family Home | $1,780,000 | 10/17/23 | 4 | 2 | 1,921 | |
1.88 | Multi-Family Home | $2,375,000 | 12/01/23 | 6 | 6 | 3,360 | |
1.86 | Multi-Family Home | $3,700,000 | 09/20/23 | 15 | 13 | 8,616 | |
2.26 | Multi-Family Home | $2,400,000 | 04/01/24 | 8 | 8 | 5,388 | |
2.01 | Multi-Family Home | $4,518,000 | 09/29/23 | 12 | 12 | 8,348 | |
1.92 | Multi-Family Home | $4,400,000 | 09/18/23 | 16 | 16 | 8,930 | |
2.48 | Multi-Family Home | $3,100,000 | 06/20/23 | 9 | 7 | 5,387 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Pacific Palisades
- Greg Klein
- Resident
- 1mo ago
"I grew up here, and it feels very much like home. The traffic is minimal, there’s both high and lower end shops, and it’s incredibly safe and quiet."
- Trulia User
- Resident
- 11mo ago
"I have lived here for 6 years with my family and we are all very happy here and love the neighborhood "
- Trulia User
- Resident
- 1y ago
"4th July & Halloween are the most special events in Pacific Palisades. Farmers Market every Sunday is another highlight here"
- Trulia User
- Resident
- 2y ago
"Well kept streets, close to ocean, walk to everywhere, low crime, good weather, good schools, etc. "
- Trulia User
- Resident
- 2y ago
"My daily commute is easy. PP is Less crowded and Easy access to Pacific highway and highway 10. And sunset boulevard. "
- Trulia User
- Resident
- 3y ago
"We love living here. People was ok the streets with children and pets. There is a nice mix of ages from young family to elderly. People are friendly and chat."
- Ingrida G.
- Resident
- 3y ago
"There are many families in our neighbourhood. Very good schools. A lot of hiking trails right outside our building. An amazing Lake Shrine is huge plus where we live. "
- Matthew.ritsuko
- Resident
- 3y ago
"If you can afford it, Pacific Palisades is a lovely area to raise a family. Relatively safe, clean streets, and some nice public parks in the area. Also you are close to the ocean, and hiking trails. Life is definitely more costly on the West side, but some would argue well worth it."
- Camilo R.
- Resident
- 3y ago
"The best neighborhood in all of Los Angeles. Small town feel, close to everything, involved community. "
- Mike V.
- Resident
- 3y ago
"It is very safe neighborhood with great schools, parks, and people. Small town feel set in greater Los Angeles right near the beach. "
- Jenny H.
- Resident
- 3y ago
"Short of you don’t travel far or if you leave in off peak hours. The views outweigh any downfall we would feel while sitting in traffic though. "
- Greg K.
- Resident
- 3y ago
"The neighborhood is safe and the schools are good. There are quiet neighborhood areas with friendly and watchful neighbors "
- Jimmoran7
- Resident
- 4y ago
"I’ve lived here for 9 months from the east coast but already call Pali home. The people are great, the area is stunning and the community is family oriented and nice. "
- Soniakazarova
- Resident
- 4y ago
"Friendly to dogs. Very conservative environment due to the affluence of the area. Remember to pick up after pet and you’ll be just fine. "
- Alevizos
- Visitor
- 4y ago
"I visit often , shop, good groceries , newmovie theater, coastal location with family oriented neighborhoods "
- Ash_dragon
- Prev. Resident
- 4y ago
"The pacific palisades is full of young family’s and very safe. The downtown area is super cute and the community is generally pretty friendly."
- Chelsea H.
- Resident
- 4y ago
"There are good schools and it’s safe for kids to walk around on the weekends and after school. Highly recommend!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- Greg K.
- Resident
- 4y ago
"It’s fine, there are buses that go though here, along with Lyft and Uber. It’s easy to get to the airport LAX from here as well, since you can just go down Lincoln Blvd"
- Mail
- Resident
- 4y ago
"Heavy traffic mornings, afternoons and weekends. Dangerous fast traffic on Sunset. Pedestrians at high risk."
- Rose.bloom1
- Resident
- 4y ago
"Most people are happy to say hello to well behaved dogs. People pick up after their dogs here but I don’t like it when the use my garbage bin to throw away their bags of poop. I’m not a dog owner but if I were, I would use my own bin."
- Brook D.
- Resident
- 4y ago
"Ridiculous. Long. Zero access to public transit. Traffic is a nightmare. Major bumpy roads in the canyon. But pretty. "
- Zuzka P.
- Resident
- 4y ago
"quiet, privacy, walkable, great trick or treating, well maintained, sidewalks, village, neighborhood events"
- Bridget D.
- Resident
- 4y ago
"Great schools, park, libraries, beaches, and restaurants. We LOVE this community. Great for kids and families"
- Bridget D.
- Resident
- 4y ago
"Safe, great public and private schools everyone looks out for one another. Kind friendly people plenty for the kids to do. Plenty of restaurants and nice super market options "
- Jasonlatshaw
- Resident
- 4y ago
"Great family town!! Excellent rec center, good schools, great parks, near beaches and mountains. Safe and small town feel."
- Tom H.
- Resident
- 4y ago
"Rudest drivers in America - they don’t feel stop signs or speed limits apply to them - they run over pedestrians every day "
- Tom H.
- Resident
- 4y ago
"Residents are rude, self-entitled drivers who speed down streets, run stop signs and routine hit people and animals "
- Jennifer D.
- Resident
- 5y ago
"Lots of dogs in this neighborhood. Great for walking & visiting with neighbors and their furry friends. "
- Bonnie
- Resident
- 5y ago
"It’s a safe kid-friendly and pet friendly family oriented neighborhood. Many parents look out for other families kids if they notice something or someone out of the ordinary "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Davis Saadian, Carolwood Estates
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
556 Via De La Paz, Pacific Palisades, CA 90272 is a 7 bedroom, 6 bathroom, 4,620 sqft multi-family built in 1924. 556 Via De La Paz is located in Pacific Palisades, Pacific Palisades. This property is currently available for sale and was listed by CLAW on Apr 5, 2024. The MLS # for this home is MLS# 24-376737.