We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, two (2) studio units, and one (1) 2+1 unit (legal 1+1 unit). Three (3) units will be delivered vacant, and two (2) of the 6 units are not subject to City of Los Angeles rent control regulations. The investment boasts spacious floor plans, in-unit washer & dryers for the four front units, four (4) on-site private garages, five tankless water heaters, private balconies for the two front upstairs units, recently painted, and individually metered for gas and electricity. Approximately $165,000 was put into capital improvements updating and remodeling three of the units extensively. New sewer line, new roof, updated copper plumbing, new carpeting, HVAC, and refinished/ polished hardwood floors.The possibilities are endless; excellent for an owner user investment, or the value-add component of potential rental upside, and adding ADU's to further increase cash-flow.The charming and lively Palisades Village has many world-renowned cafes and restaurants, premier shops like Yves Saint Laurent, Chanel, Erewhon, Alfred's Coffee, Diptique, and many more. This is an incredible and rare opportunity in the supply constrained Pacific Palisades.
This property is $2.6M more than the Median Sold Price and $153/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24376737
Listing Office:
Office Name: Carolwood Estates
Office Phone: (310) 623-3600
Listing Agent: Davis Saadian
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 5:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 02, 2020
Jul 02, 2020Home Sold
$2,706,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$35,440
$2,706,000
2020
$8,132
$624,805
2019
$8,023
$612,555
2018
$7,820
$600,545
2017
$7,820
$588,770
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Palisades Charter Elementary School
800 Via De La Paz
Distance between this listing and this school0.43 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.93 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.00 miles
Public Magnet Grades 1-5
Middle School
8
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.20 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school17.31 miles
Public District Grades 6-8
High School
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.60 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school18.13 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
Palisades Charter Elementary School
800 Via De La Paz
Distance between this listing and this school0.43 miles
Public Charter Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.93 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.00 miles
Public Magnet Grades 1-5
Assigned Schools
8
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.20 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school17.31 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school2.31 miles
Public District Grades 6-8
Assigned Schools
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.60 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school18.13 miles
Public Magnet Grades 9-12
Nearby Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school3.16 miles
The neighbors living near this home have an average income of $127,131. Most Los Angeles, CA residents have annual incomes $200k+. The most common type of family is married, with kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 556 Via De La Paz
What is the listing price of this property?
The listing price of 556 Via De La Paz property is $3,625,000.
What type of property is this?
The property 556 Via De La Paz is a house located in Pacific Palisades, California, 90272.
Is this property for sale now?
Active Listing: 556 Via De La Paz is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 556 Via De La Paz are: Palisades Charter Elementary School: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Paul Revere Middle School: GreatSchools Rating 8/10Studio: GreatSchools Rating 4/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $35,440 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 2, 2020 for $2,706,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 556 Via De La Paz has 7 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 556 Via De La Paz is 4,620 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 556 Via De La Paz is 1924.
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This home is located at 556 Via De La Paz in Pacific Palisades, CA and zip code 90272 in the Pacific Palisades neighborhood. This 4,620 square foot home, which was built in 1924, sits on a 0.17 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $3,625,000.
In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $986,427.
From Rocket Homes Real Estate and based on county public records data.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS 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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