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.
Price
$
13,525,000
City
Pacific Palisades
Current Cap Rate
N/A
%
Price P/ 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.
Price
$
13,525,000
City
Pacific Palisades
Current Cap Rate
N/A
%
Price P/ Unit
$
676,250
Lot Size
7,000
SF
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.
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.
