Homes for sale - 16117 W Sunset Blvd, Pacific Palisades, CA 90272

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$5,750,000

Est. payment - /mo

23 Beds

23 Baths

13,068 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,068 sqft

Price per Sqft $440

MLS Listing ID 25567811

Bedrooms 23

Year Built 1991

Lot Size 8,630 Sqft

Acres 0.1981

Property Sub-Type Multi-Family

Property Description

We are proud to present a uniquely positioned multifamily investment opportunity in the heart of Pacific Palisades. Located at 16117 W Sunset Blvd, this 13-unit building constructed in 1991 and exempt from the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies) offers a rare chance to acquire a non-rent-controlled asset at a significant discount to both current replacement cost and pre-fire valuations. Following the Palisades fire, only 5 tenants remain in occupancy, providing a buyer with the immediate ability to re-tenant the majority of units at market-leading rental rates. This creates a compelling value proposition: a high-quality building with strong fundamentals, considerable income upside, and exceptional long-term positioning. The property features a well-balanced unit mix of ten oversized 2-bedroom, 2-bath units and three large 1-bedroom, 1-bath units. Many units include upgraded kitchens and bathrooms, hardwood flooring, in-unit laundry, fireplaces, central HVAC, walk-in closets, and balconies. Select penthouse units offer soaring vaulted ceilings and abundant natural light. The building also includes gated subterranean parking (exempt from mandatory soft-story retrofit), an intercom entry system, and a landscaped front facade. Strategically located along prestigious Sunset Boulevard between Santa Monica and Malibu, the property provides tenants with easy access to the beach, top-tier schools, and the future reopening of Caruso's Palisades Village. More than just a value-add play, this offering presents a rare opportunity to participate in the rebuild and revitalization of Pacific Palisades by delivering much-needed luxury housing in one of Los Angeles' most supply-constrained and sought-after rental markets.

Location

State CA

County Los Angeles

Area Pacific Palisades

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central

Equipment Garbage Disposal, Intercom, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup

Exterior

Parking Features Assigned

Garage Spaces 23.0

Building

Story 3

Level or Stories One

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

16117 W Sunset Blvd Pacific Palisades, CA 90272