$3,149,000
229 Palos Verdes Dr W, Palos Verdes Estates CA 90274
Multi-Family (6 Units)
Property type
1 day
On market
$525
Price per sqft
6 cars
Garage
1956
Year built
8,490 sqft
Lot size
Open Houses
Overview
We are 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...
Listing provided by: John Stiegler II DRE #01981597, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Jun 15, 2026 at 11:08pm.
Last checked: Jun 15, 2026 at 11:30pm
Source: CRMLS #SB26130060
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,830 | $1,830 | $3,400 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,100 | $2,100 | $4,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,370 | $2,370 | $4,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,370 | $2,370 | $4,500 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,475 | $2,475 | $4,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $2,150 | $2,150 | $3,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Rent Control: No
Units Leased: 6
Total Actual Rent: $159,540
Financial Snapshot
Gross Rent Multiplier
19.7x
List Price / Annual Gross Rent
Cap Rate
2.73%
NOI / List Price
Gross Scheduled Income: $159,540
Operating Expense: $68,714
Net Operating Income: $86,040
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: One Common Wall
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7539008003
Additional Parcels: No
Tax Lot: 2
Community
Senior Community: No
Community Features: Biking, Dog Park, Fishing, Hiking, Park, Sidewalks, Water Sports