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229 Palos Verdes Dr W - Malaga Cove- 6 Unit Building 6 Unit Apartment Building Offered at $4,399,657 CAD at a 2.73% Cap Rate Palos Verdes Estates, CA 90274
Investment Highlights
- Rare 6-Unit Apartment Building in Palos Verdes Estates
- Unit Mix: (2) 1 Bed / 1 Bath Units & (4) 2 Bed / 1 Bath Units (Select Units Feature Ocean Views)
- Private One-Car Garage and Driveway Parking for Each Unit
- Prime Malaga Cove Location with Scenic Walking Trail Access to the Beach and Hollywood Riviera
- 5,994 SF Building Situated on an 8,490 SF Lot
- Significant Value-Add Opportunity with Strong Long-Term Rental Growth
Executive Summary
Stiegler | Takahashi Group is 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$222,903
|
$37.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,687
|
$1.12
|
| Effective Gross Income |
$216,216
|
$36.07
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $222,903 |
| Annual Per SF | $37.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,687 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $216,216 |
| Annual Per SF | $36.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,399,657 CAD | Property Type | Multifamily |
| Price Per Unit | $733,276 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 5,994 SF |
| Cap Rate | 2.73% | No. Stories | 3 |
| Gross Rent Multiplier | 19.74 | Year Built | 1956 |
| No. Units | 6 | ||
| Zoning | PVRM* | ||
| Price | $4,399,657 CAD |
| Price Per Unit | $733,276 CAD |
| Sale Type | Investment |
| Cap Rate | 2.73% |
| Gross Rent Multiplier | 19.74 |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.19 AC |
| Building Size | 5,994 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Zoning | PVRM* |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7539-008-003 | Improvements Assessment | $1,776,838 CAD |
| Land Assessment | $2,842,941 CAD | Total Assessment | $4,619,780 CAD |
Property Taxes
Parcel Number
7539-008-003
Land Assessment
$2,842,941 CAD
Improvements Assessment
$1,776,838 CAD
Total Assessment
$4,619,780 CAD
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229 Palos Verdes Dr W - Malaga Cove- 6 Unit Building
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