UPDATED: 4,917 SQFT MAX BUILD * Prime Pacific Palisades Development Opportunity – Just Off Sunset Blvd - OCEAN VIEW 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 4,917 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 up to 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 LA’s most desirable coastal locations. Offers welcomed.
|
DAYS ON MARKET
|
24
|
LAST UPDATED
|
3/3/2025
|
|
YEAR BUILT
|
2017
|
COMMUNITY
|
Pacific Palisades
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| School District |
ABC Unified |
|
Prior to Mar 3, '25
|
$2,600,000
|
| Mar 3, '25 - Today |
$2,299,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Pacific Palisades |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Up |
| LOT |
7244 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL |
Yes |
| POOL DESCRIPTION |
Private |
| SEWER |
Public Sewer |
| STORIES |
3 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Catalina,City Lights,Coastline,Canyon,Mountain(s),Ocean,Panoramic,Pool,Trees/Woods |
| WATER |
Public |
| ZONING |
LAR1 |
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Listed with EXP REALTY OF CALIFORNIA INC
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/25 7:21 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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