$1,780,000
$1,750,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
16735 Marquez TER Pacific Palisades, CA 90272
6 Beds
4 Baths
4,470 SqFt
Key Details
Sold Price $1,780,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,470 sqft
Price per Sqft $398
MLS Listing ID CV25036813
Sold Date 04/10/25
Bedrooms 6
Full Baths 4
Construction Status Building Permit,Fixer,Under Construction
HOA Y/N No
Year Built 2017
Lot Size 7,244 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Los Angeles
Area C15 - Pacific Palisades
Zoning LAR1
Rooms
Main Level Bedrooms 1
Interior
Interior Features All Bedrooms Up
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry None
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool Private
Community Features Biking, Curbs, Foothills, Park, Storm Drain(s), Street Lights, Suburban, Water Sports
View Y/N Yes
View Catalina, City Lights, Coastline, Canyon, Mountain(s), Ocean, Panoramic, Pool, Trees/Woods
Attached Garage Yes
Total Parking Spaces 1
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Construction Status Building Permit,Fixer,Under Construction
Schools
School District Abc Unified
Others
Senior Community No
Tax ID 4419014025
Acceptable Financing Cash, Cash to Existing Loan, Conventional, Government Loan, Private Financing Available
Listing Terms Cash, Cash to Existing Loan, Conventional, Government Loan, Private Financing Available
Financing Cash
Special Listing Condition Standard
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Bought with Angela Wong • Coldwell Banker Realty