16100 sunset - unit interior

SUCCESS STORY

20-Unit Sale in the Pacific Palisades

16100 W. Sunset Blvd.

The largest multifamily sale in the Pacific Palisades since 2016. With limited inventory in this submarket, our buyer was thrilled with the result.

Offering Price
$13,525,000

City

Pacific Palisades

Current CAP

N/A

Price per unit

$676,250

Lot Size

7,000 SF

16100 sunset

About the Property

Located in the highly-desired Pacific Palisades submarket and in close proximity to the new Caruso development at The Village, this 20-unit property built in 1995 was a true generational asset.

Offering Price

$13,525,000

Number of Units

20 Units

Bldg. Size

20,500 SF

Price per Foot

$660

Year Built

1995

Market CAP

N/A

Zoning

LAR3

Background

While cold calling owners in the neighborhood, our team connected with the Seller, and they were willing to give our team a chance to find a buyer before they put it on the market. Knowing that this would be a hot commodity if it hit the market, our team sprung into action to identify a buyer from our extensive database.

16100 sunset - unit interior
16100 sunset - unit interior
16100 sunset - unit interior

Result

Knowing that this would be a highly-coveted property if it hit the market, Kenny and Andrew quickly identified a well-qualified buyer who loved the asset and hard-to-beat location. The sale of 16100 Sunset is THE LARGEST MULTIFAMILY SALE in the Pacific Palisades since 2016 (9 sales over the past 5 years). Affording AB1482 and located in a prime section of a high-income rental market, our Buyer was thrilled with the acquisition of this generational asset.

16100 sunset - dining room
16100 sunset - dining room
16100 sunset - dining room

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.