5,994 sqft

$3,000,000

229 Palos Verdes Dr W, Palos Verdes Estates CA, 90274

Price per sqft$500.50

Built in1956

Property size5,994 sqft

Property typeCondominium

Bought with Keith Kelley with Strand Hill Properties and Listed by John Stiegler II CA DRE# 01981597 with Lyon Stahl Investment Real Estate, Inc. 310-447-2213

Overview

Sold

Closed

Listed Jun 15, 2026

Updated 3 days ago

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.

Additional information

MLS^® ID: SB26130060

Interior Features

Basement: No

Exterior Features

Lot Size: 0.19 Acres

Other Property Details

Garage: Yes
55+/Senior Community: No

Bought with Keith Kelley with Strand Hill Properties and Listed by John Stiegler II CA DRE# 01981597 with Lyon Stahl Investment Real Estate, Inc. 310-447-2213

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/17/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/17/2026 at 7:09 AM UTC Last Checked: 7:09 AM UTC