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Build your vision in one of Pacific Palisades' most sought-after coastal enclaves. Located mere blocks from the heart of Palisades Village, 1150 Iliff Street presents an opportunity to develop a custom residence in the highly desirable north end of the Alphabet Streets neighborhood. This 6,503-square-foot parcel offers an ideal blend of location and lifestyle, moments from the area's premier dining, shopping, and daily conveniences. A Survey, CAP.LA Soils Report, and the USACE Clearance Certificate are included in the sale -- providing a strong foundation for redevelopment. The site previously included an approximately 2,500-square-foot, two-story residence with 5-bedrooms, 3-bathrooms, and ocean views from the upstairs balcony. The surrounding neighborhood is already experiencing a dynamic resurgence, with multiple homes under construction and in framing stages -- signaling a swift return to vibrancy. The property also benefits from the newly reopened Palisades Village, offering elevated retail, dining, and community experiences. Additionally, the nearby Palisades Park & Recreation Center is slated for major enhancements, supported by SteadfastLA and JJ Redick's LA Strong Sports Foundation. With its prime position and strong momentum in the immediate area, this is an exceptional opportunity to create a custom coastal retreat in one of Pacific Palisades' most coveted enclaves.
Listing agent: F. Ron Smith DRE #00961954 team@smithandberg.com, Listing office: Compass
MLS data updated 10/29/2026, 12:00:11 PM PT
Source: CRMLS, MLS #: 26989699
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 22, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,345,000Original asking price · Sep 22, 2026ZIP 90272 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.