Apartment for sale in Los Llanos de Aridane, La Palma

Unique opportunity in Los Llanos de Aridane. Two apartments + right to fly (C/ El Cabo, 28) + optional garage spaces.

If you are looking for a solid investment with long-term projection in the heart of Los Llanos de Aridane, this is your opportunity. Two spacious apartments are sold in a building of only 3 heights, plus a rooftop with included right to flight — with the possibility of constructing a third full dwelling.

Main features

Combined price: 625,000 €

Floor area: 200.10 m2 (100.5 m2 registered per apartment (135 m2 cadastral)) + 30 m2 built on the rooftop (about 100 m2 additional can be built).

Regular rectangular structure, ideal for redistributing spaces or expanding.

Each apartment currently has 3 bedrooms and 2 bathrooms, in addition to two living rooms, which allows easily reorganizing the layout and achieving a fourth room.

The building is old but well preserved, so a cosmetic and functional update will greatly enhance its value.

It has the possibility to acquire a garage space, not included in the price, located in the neighboring building. A double space, part of which is currently closed as a storage room.

Expired rental contracts, which allows occupying the homes after purchase.

There is no established community with the neighbor on the ground floor. Independent entrances of the ground floor from the rest of the building.

Expansion potential

The right to flight is included in the price and allows building a third floor of 135 m2, with excellent residential or investment possibilities. From a municipal standpoint, the building is viable, though it is recommended that the buyer validate structural options with their technical architect. Today there are light and modular construction techniques that facilitate the expansion process without major complications.

Prime location

Calle El Cabo, 28 – Los Llanos de Aridane (La Palma). One of the most sought-after and best-connected areas of the municipality, a few minutes’ walk from the historic center, with close access to shops, services, schools, and public transport. Los Llanos de Aridane is the main urban and economic center of the island of La Palma, with pleasant climate, active cultural life, and a growing demand for housing.

Ideal for:

Investors or developers who wish to develop a small residential building with high profitability.

Large families seeking to live together, sharing a building but with independence.

Owners who wish to rent by apartment or by room, generating passive income.

Images and virtual tour

The images and the virtual tour available belong to one of the dwellings, but the other apartment is identical in layout and size, so you can perfectly visualize how the whole ensemble looks.