855 Via De La Paz offers an unique VALUE-ADD opportunity for any
investor looking for a trophy beach city asset. With a prime location in
one of the most affluent neighborhoods in Los Angeles and very few
mixed-use properties in the surrounding neighborhood, 855 Via De La
Paz is one of the Pacific Palisades' most highly sought after
investments.
The property consists of two separate buildings, situated on a large
7,401 Sq.Ft lot zoned C2. The front building has 2 retail storefront units,
currently occupied by an Acai Bowl and Lingerie Shop, as well as 6
individual office spaces located upstairs. The back building is a triplex,
with a unit mix of (1) 2Bed+1Bath and (2) 1Bed+1Bath units. All tenants
are up to date on rent paid through Covid.
855 Via De La Paz is conveniently located just down the street from the
new 110,000 square foot mixed-use development, Pacific Palisades
Village (Rick Caruso project), a downtown area filled with restaurants,
apartment buildings and shopping. Boasting a walk score of 91, the local
area is considered extremely walkable. 855 Via De La Paz is the perfect
asset for an investor looking for a unique asset in a top rental market.