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16117 W Sunset Blvd, Pacific Palisades, CA 90272

List Price: $5,750,000On Market FlagOn market
Jul 21, 202513,068 sqft23 beds23 baths
Listed by: Jonathan Taksa
License #: 01366169
Phone #: 424-672-8220
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 25567811

Property Description

We are proud to present a uniquely positioned multifamily investment opportunity in the heart of Pacific Palisades. Located at 16117 W Sunset Blvd, this 13-unit building constructed in 1991 and exempt from the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies) offers a rare chance to acquire a non-rent-controlled asset at a significant discount to both current replacement cost and pre-fire valuations. Following the Palisades fire, only 5 tenants remain in occupancy, providing a buyer with the immediate ability to re-tenant the majority of units at market-leading rental rates. This creates a compelling value proposition: a high-quality building with strong fundamentals, considerable income upside, and exceptional long-term positioning. The property features a well-balanced unit mix of ten oversized 2-bedroom, 2-bath units and three large 1-bedroom, 1-bath units. Many units include upgraded kitchens and bathrooms, hardwood flooring, in-unit laundry, fireplaces, central HVAC, walk-in closets, and balconies. Select penthouse units offer soaring vaulted ceilings and abundant natural light. The building also includes gated subterranean parking (exempt from mandatory soft-story retrofit), an intercom entry system, and a landscaped front facade. Strategically located along prestigious Sunset Boulevard between Santa Monica and Malibu, the property provides tenants with easy access to the beach, top-tier schools, and the future reopening of Caruso's Palisades Village. More than just a value-add play, this offering presents a rare opportunity to participate in the rebuild and revitalization of Pacific Palisades by delivering much-needed luxury housing in one of Los Angeles' most supply-constrained and sought-after rental markets.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$76,173

TurboHome Estimated Value

$5,414,100

$414 sqft

High Valuation
$5,684,805
$435/sqft
Normal Valuation
$5,414,100
$414/sqft
Low Valuation
$5,143,395
$394/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$414/sqft$5,414,100

Location

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