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 is a true generational asset.
The Largest Multifamily Sale in the Palisades
16100 W. Sunset Boulevard, Pacific Palisades
Price Paid: $13,525,000
About The Property
Year Built 1995
City Pacific Palisades
Price p/ Sq. ft. $660
Price P/ Unit $676,250
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.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”