16601 Marquez Avenue 301,Pacific Palisades, CA 90272
Pacific Palisades, CA 90272
Description
Located in the Marquez Knolls neighborhood of Pacific Palisades, this fire-impacted condominium presents an opportunity for investors, builders, or buyers seeking a long-term project. The unit is situated in the front building of a 28-unit complex. This 2-bedroom, 2-bathroom residence with a flex den space offers approximately 1,304 square feet of interior space (buyer to verify), along with ocean views and a large balcony.The front building, consisting of 13 units, remains standing; however, units are impacted by the recent fire event and require extensive evaluation, remediation, and repair. The rear building, which contained 15 units, was destroyed.The HOA is currently evaluating options for the future of the complex, which may include various restoration, reconstruction, or redevelopment scenarios. Buyer to independently investigate and verify all HOA matters, including potential plans, insurance, and possible assessments. The list price reflects an estimated land value allocation for the unit and a potential long-term opportunity, subject to HOA direction and approvals. Property is being sold strictly as-is, where-is, with all faults. Seller and broker make no representations or warranties regarding the condition of the property, including but not limited to structural integrity, environmental condition, habitability, or feasibility of repair or reconstruction. Buyer is advised to conduct all investigations regarding condition, remediation requirements, structural integrity, environmental impacts, HOA plans, insurance availability, financing, permitting, and costs. Seller will make no repairs, credits, or concessions. This offering represents an opportunity to acquire a property in Marquez Knolls with ocean views, subject to buyer's independent due diligence.
Details
| MLS # | 26665471 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $913 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 156 |
| Listing Provided By | Campbell Wellman Properties | Todd Stein |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,304 |
| Story(s) | 1 |
| Units | 28 |
| Zoning | LAR3 |
| Acreage | 0.52 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Furnished | Unfurnished |
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Security Gate, Key Card Entry |
|---|
Parking
| Parking Features | Assigned, Community Structure |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pacific Palisades |
| Zip Code | 90272 |
| Area | C15 Pacific Palisades |
| Listing VS Median (in 90272) | |
Price: $499,000 low | high Med: $970,000 sqft: 1,304 low | high Med: 1,106 $ / sqft: $383 low | high Med: $958 On site: 156 low | high Med: 167 | |
Market Activity 90272
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pacific Palisades |
| Zip Code | 90272 |
| Area | C15 Pacific Palisades |
| Listing VS Median (in 90272) | |
Price: $499,000 low | high Med: $970,000 sqft: 1,304 low | high Med: 1,106 $ / sqft: $383 low | high Med: $958 On site: 156 low | high Med: 167 | |
