UPDATED:
02/21/2025 02:18 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,470 sqft
Price per Sqft $581
MLS Listing ID CV25036813
Style Detached
Bedrooms 6
Full Baths 4
Construction Status Building Permit,Fixer,Under Construction
HOA Y/N No
Year Built 2017
Lot Size 7,244 Sqft
Acres 0.1663
Property Sub-Type Detached
Property Description
Prime Pacific Palisades Development Opportunity Just Off Sunset Blvd - Located just half a mile from the ocean, 16735 Marquez Terrace presents a rare opportunity to build in one of Los Angeles most sought-after coastal neighborhoods. Previously home to a 4,470 sqft, 4-bedroom, 6-bathroom Newly Modern Residence built in 2017, Original architectural plans remain available for buyers looking to expedite the rebuilding process. Included in the sale. A beautiful Modern Design. *PARCEL STATUS CURRENTLY IN PHASE 2* of Debris clean up. This 7,244 sqft lot in Marquez Knolls offers panoramic ocean and treetop views, an existing swimming pool (still present), and proximity to Palisades Village, hiking trails, and previously home of top-rated schools. Zoned R1-1 (Single-Family Residential), this lot provides the flexibility to rebuild up to 4,470 sqft through an expedited process or pursue a larger build with city approval. Under current Los Angeles rebuilding regulations, you are permitted to increase your property's original square footage by up to 10% when reconstructing after fire damage giving you a maximum of 4,917 sqft. Additionally, the March 31st deadline for free debris removal presents a valuable cost-saving opportunity for redevelopment. Save thousands. With Pacific Palisades undergoing significant transformation, this property is an exceptional opportunity for developers, builders, or investors looking to capitalize on one of LAs most desirable coastal locations. Offers welcomed.
Location
State CA
County Los Angeles
Area Pacific Palisades (90272)
Zoning LAR1
Interior
Cooling Central Forced Air
Fireplaces Type FP in Living Room
Exterior
Garage Spaces 1.0
Pool Private
View Mountains/Hills, Ocean, Panoramic, Valley/Canyon, Pool, Catalina, Coastline, Trees/Woods, City Lights
Total Parking Spaces 1
Building
Lot Description Curbs
Story 3
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 3 Story
Construction Status Building Permit,Fixer,Under Construction
Others
Miscellaneous Foothills,Storm Drains,Suburban
Acceptable Financing Cash, Conventional, Cash To Existing Loan
Listing Terms Cash, Conventional, Cash To Existing Loan
Special Listing Condition Standard
