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$ 1,780,000
$ 1,750,000 1.7%
16735 Marquez TER Pacific Palisades, CA 90272
7,244 Sqft Lot
UPDATED:
Key Details
Sold Price $1,780,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25036108
Lot Size 7,244 Sqft
Property Description
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 4,224 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 4,224 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
Exterior
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
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
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
Special Listing Condition Standard
Bought with Angela Wong • Coldwell Banker Realty