N/A
Bedrooms
Sold for $3,000,000 · Sep 2026
SOLDListed at $3,149,000
Palos Verdes Estates, CA
MLS# SB26130060
John Stiegler II
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 01981597
Brokerage: Lyon Stahl Investment Real Estate, Inc.
N/A
Bedrooms
N/A
Bathrooms
5,994 sqft
Square Feet
1956
Year Built
8,490 sqft
Lot Size
$501
Price/Sq Ft
6
Garage Spaces
N/A
HOA
Apartment
Property Type
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.
Listing description from the September 2026 sale, as reported to CRMLS.
Earthquake data is shown from a real public source (USGS)
Loading hazard data...
1 recorded sale
229 Palos Verdes Dr W sold for $3,000,000 in September 2026, 4.7% under its $3,149,000 list price, after 18 days on the market. Across 234 closed sales in 90274 over the last 12 months, the median sold price is $2,732,500 and the median is $965 per square foot.
| Quarter | Closed sales in 90274 | Median sold price |
|---|---|---|
| Q1 2026 | 16 | $2,661,988 |
| Q2 2026 | 75 | $2,990,405 |
| Q3 2026 | 101 | $2,675,000 |
| Q4 2026 | 42 | $2,762,188 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Palos Verdes Estates · Homes for sale in 90274
Closed sales reported in 90274, nearest first, last 12 months. All recent sales in Palos Verdes Estates →
229 Palos Verdes Dr W
Contact John Stiegler II
Contact via Nalren messaging
Contact Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #01981597
Contact information is not available for this listing.