Property listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II 310-447-2213
229 Palos Verdes Dr W
Palos Verdes Estates, CA 90274
$3,000,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
93
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1956
MLS Number
SB26130060
Additional Details
Building
Built in 1956, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: 1
Community
Biking, DogPark, Fishing, Hiking, Park, Sidewalks, WaterSports
Expenses
Operating: $68,714
Garage
6 spaces
Income
Gross Income: $159,540, Gross ScheduledIncome: $159,540, Net Operating Income: $86,040
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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harbycapital.com
September 20, 2026
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