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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.
Property Type(s):
Residential Income
| Last Updated | 7/21/2025 | Year Built | 1991 |
|---|---|---|---|
| Community | C15 - Pacific Palisades | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Microwave, Refrigerator, Washer/Dryer Stacked |
| AREA | C15 - Pacific Palisades |
| HEAT | Central |
| LOT | 8629 sq ft |
| PARKING | Assigned |
| STORIES | 1 |
Location
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Listed with Remax Commercial and Investment Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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