229 Palos Verdes Dr W, Palos Verdes Estates, CA 90274

$3,000,000

Est. payment /mo

$3,149,000

4.7%
Est.Price: ?

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229 Palos Verdes Dr W Palos Verdes Estates, CA 90274

8,489 Sqft Lot

SOLD DATE : 09/04/2026

Key Details

Sold Price $3,000,000

Property Type Other Types

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB26130060

Sold Date 09/04/26

HOA Y/N No

Year Built 1956

Lot Size 8,489 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 229 Palos Verdes Dr W, a multifamily investment opportunity located in the highly desirable Malaga Cove neighborhood of Palos Verdes Estates. The property consists of (2) one-bedroom/one-bath units and (4)
two-bedroom/one-bath units totaling approximately 5,994 square feet on an 8,490 square foot lot. Each unit includes a private one-car garage and driveway parking space, with additional parking conveniently located across the street. Select units enjoy ocean views, while tenants benefit from the propertys exceptional location near scenic walking trails leading to the beach and the Hollywood Riviera. Multifamily opportunities in Palos Verdes Estates are extremely limited, making this a unique investment opportunity with significant long-term upside and value-add potential through rental repositioning. Combining an irreplaceable coastal location, strong unit mix, ample parking, and ocean-view potential, 229 Palos Verdes Dr W offers investors the opportunity to acquire a premier multifamily asset in one of Southern California's most sought-after coastal communities.

Location

State CA

County Los Angeles

Area 163 - Malaga Cove

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Dog Park, Fishing, Hiking, Park, Sidewalks, Water Sports

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7539008003

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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Listed by John Stiegler II Lyon Stahl Investment Real Estate, Inc. 310-447-2213, DRE #01981597
Bought with Keith Kelley Strand Hill Properties

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James Olvera

James Olvera

+1(909) 760-9091

Agent License ID: 02120214

Agent License ID: 02120214

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