229 Palos Verdes Dr W Palos Verdes Estates, CA $ 3,149,000
229 Palos Verdes Dr W
$ 3,149,000
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229 Palos Verdes Dr W

Palos Verdes Estates, CA, 90274
$ 3,149,000
Baths1.0 Sq 5,994

Monthly Estimate*

$ 19,389

Listed by Lyon Stahl Investment Real Estate, Inc.
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Studio

Multi-Family Home for sale in Palos Verdes Estates, CA

for $3,149,000 with 1 full bath. This 5,994 square foot home was built in 1956 on a lot size of 0.1949.

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.

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Multi-Family Active

Price

$ 3,149,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1949

Year Built

1956

Town/City

Palos Verdes Estates

County/Region

Los Angeles

MLS | Web ID

SB26130060

Days on Market

2

Features
General
Sewer Public Sewer
Garage Spaces 6
Pool Features None
Year Built 1956
Levels Three Or More
Property Subtype Apartment
Gross Income 159540
Community Features Biking Dog Park Fishing Hiking Park Sidewalks Water Sports
County Los Angeles
Net Operating Income 86040
Operating Expense 68714
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions 229 Palos Verdes Dr W is located in the Malaga Cove neighborhood of Palos Verdes Estates across from Malaga Cove Plaza and near the border with Redondo Beach
City Palos Verdes Estates
Entry Location 1
Senior Community Y/N false
Number Of Units Total 6
MLS Area 163 - Malaga Cove
Lot Size Units Square Feet
Lot Size Square Feet 8490
Number of Units Leased 6
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Appraiser
Tax Lot 2
Total Actual Rent 159540
Property Sub Type Additional Apartment
Cap Rate 2.73
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Interior
Total Stories 3
Common Walls 1 Common Wall
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Rectangular Lot
Water Source Public
Total Parking 6
Lot Size Area 8490
Number of Buildings 1
Building Area Total 5994
Lot Size Acres 0.1949
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

johnnie@lyonstahl.com

Email

Affordability Calculator

$19,389
Per Month
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Monthly Principal & Interest
$19,389
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$3,149,000 Listed Price

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229 Palos Verdes Dr W, Palos Verdes Estates, CA, 90274 is a Multi-Family Home for sale at $3,149,000 with 5,994 sqft and a lot size of 0.1949. 229 Palos Verdes Dr W is a studio with 1.0 baths and was built in 1956. The property's zip code is 90274 which is in Palos Verdes Estates, CA