556 Via De La Paz is a six-unit multifamily property located in Pacific Palisades. The property was recently sold for $3,625,000 by brokers Davis Saadian and Ysabel Goldberg of Carolwood Estates. This Spanish-style architecture, built in 1924, comprises two separate structures with a total of 4,620 square feet on a 7,500-square foot lot. The property offers a mix of unit types, including studios, one-bedroom, and two-bedroom units. Situated in the vibrant Palisades Village neighborhood, this property presents an exceptional investment opportunity with potential rental upside and value-add possibilities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,625,000
• Units: 6
• Price Per Unit: $604,167
• Square Footage: 4,620
• Price Per Square Foot: $785
• Address: 556 Via De La Paz
• Market: Pacific Palisades

Davis Saadian and Ysabel Goldberg of Carolwood Estates facilitated the sale of 556 Via De La Paz, showcasing their expertise in the real estate market. The history and architecture of the property, combined with the strategic location in Pacific Palisades, contributed to making this transaction a noteworthy deal in the region.