Tower Lane Capital Acquires Multifamily Property In Pacific Palisades For $13.5M

The multifamily property located at 16100 Sunset Boulevard in Pacific Palisades has been sold for a price of $13,525,000. The property consists of 20 units with an average price per unit of $676,250. The total square footage of the property is 20,500, resulting in a price per square foot of $659.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $13,525,000
• Address: 16100 Sunset Boulevard
• Market: Pacific Palisades

The buyer of the property is Tower Lane Capital, represented by Michael Maltzman and Garrett Green. The seller is Geoffrey Jacobs. Compass agents Kenny Stevens and Andrew Geltman served as the buyer's representatives in the transaction, while Jonathan Taksa from Taksa Investment Group represented the seller.