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Sold for $3,000,000 · Sep 2026

SOLD

Listed at $3,149,000

Sold

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

Palos Verdes Estates, CA

MLS# SB26130060

5,994 Sq Ft • Apartment
18 days on market

Listing Agent

John Stiegler II

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 01981597

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Property Details

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

Description

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.

Sale history for 229 Palos Verdes Dr W

1 recorded sale

$3,000,000
Sold September 2026 · listed $3,149,000, on market June 2026, 18 days on market · MLS #SB26130060 · Source: CRMLS
Listing Agent: John Stiegler II · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-447-2213 · Bought with: Keith Kelley · Strand Hill Properties

How this sale compares

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.

$965
90274 median per sq ft (12 mo)
$2,732,500
90274 median sold price (12 mo)
234
Closed sales in 90274 (12 mo)
18
Days on market
−4.7%
Sold vs. list price
QuarterClosed sales in 90274Median sold price
Q1 202616$2,661,988
Q2 202675$2,990,405
Q3 2026101$2,675,000
Q4 202642$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

Recent sales near 229 Palos Verdes Dr W

Closed sales reported in 90274, nearest first, last 12 months. All recent sales in Palos Verdes Estates →

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