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$19,995,000
Est. payment /mo
1.04 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25535371
Lot Size 1.038 Acres
Acres 1.0377
Property Description
The previous 75 unit multi-residential Property burned during the January 2025 fire. Presently the Property is vacant land. Proposed Project : According to City of Los Angeles Mayor's Executive order, a new luxury 75-unit multi-family property may be built with 70,778+/- S.F. FAR. The architectural rendering shown here of a potential future development has been created by Artificial Intelligence. Pacific Palisades is on the road to recovery as the rebuilding process is now underway. The property provides a prime opportunity for a developer to be a part of bringing modern, luxury housing to this very affluent, resilient, and coveted community. Ideally located on iconic Sunset Boulevard, the parcel is well-located between Santa Monica and Malibu. It is just minutes from the beach and a short distance from Palisades Village. Under the Los Angeles Mayor's executive order, this site is eligible for a 110% FAR (floor area ratio) and will need to be the same use as the pre-wildfire structure. There has been a concerted effort from residents as well as government officials to work together to rebuild the community and reduce obstacles in the way of rebuilding.
Location
State CA
County Los Angeles
Area Pacific Palisades
Zoning LAR3
Exterior
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Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills
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