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229 Palos Verdes Dr WPalos Verdes Estates, CA 90274

For Sale

$3,149,000

Smart Buyer Rebate $31,490

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 driveway parking space, with additional parking conveniently located across the street. Select units enjoy ocean views, while tenants benefit from the propertys exceptional location near scenic walking trails leading to the beach and the Hollywood Riviera. Multifamily opportunities in Palos Verdes Estates are extremely limited, making this a unique investment opportunity with significant long-term upside and value-add potential through rental repositioning. Combining an irreplaceable coastal location, strong unit mix, ample parking, and ocean-view potential, 229 Palos Verdes Dr W offers investors the opportunity to acquire a premier multifamily asset in one of Southern California’s most sought-after coastal communities.

Listed by John Stiegler II

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License #01981597

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Lyon Stahl Investment Real Estate, Inc.

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310-447-2213

Last updated June 15, 2026

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Source: CRMLS #SB26130060

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Bay
  • Days on Prevu1

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/15/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$3,149,000

Property Details for 229 Palos Verdes Dr W

Association

Amenities

  • Community Features: Biking, Dog Park, Fishing, Hiking, Park, Sidewalks, Water Sports

Exterior

Construction

  • Number Of Units Total: 6
  • Property Attached: Yes
  • Stories Total: 3
  • Year Built: 1956
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 5,994
  • Building Area Units: Square Feet
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.19
  • Lot Size Area: 8,490
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,490
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.73
  • Gross Income: $159,540.00
  • Operating Expense: $68,714.00

Taxes

  • Parcel Number: 7539008003

Other

Location

  • Tax Lot: 2

Parking

Parking

  • Garage Spaces: 6
  • Garage: Yes
  • Parking Total: 6

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 229 Palos Verdes Dr W.

Does this multi-family home have parking?

Yes, there are 6 parking spaces available for 229 Palos Verdes Dr W.

How does 229 Palos Verdes Dr W compare to other multi-family homes in South Bay?

This multi-family home is listed 35% above the average price for multi-family homes in South Bay and has been on the market for 68 less days than the typical home in this area.

229 Palos Verdes Dr W is a -bedroom multi-family home for sale in Palos Verdes Estates CA 90274. On Prevu for 1 days at $3,149,000. This residence is located in South Bay. The median listing price for multi-family homes in this area is $1,869,500. The home offers parking. View other multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.