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1502 Paseo De Oro — Pacific Palisades | Belmont Brokerage | Belmont Brokerage

ActiveUnderContract

OPEN TODAY · 11AM – 2PM

+29 more

$999,998

41 DOM

— bd— ba— sqft

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1502 Paseo De Oro Pacific Palisades, CA 90272

4,827sqft lot

Major price correction! MAJESTIC VIEWS lot located in THE SUMMIT, the most prestigious area of the Palisades Highlands (one of L.A.'s "best kept secrets"). On a Private Gated Street, across from the SUMMIT CLUB, this Ocean and Mountain views lot awaits your chance to rebuild your OWN magnificent Mediterranean home. The original home was a 3183 Sq-Ft, 5bed + 4bath Mediterranean Villa providing direct entry to a 2-car garage. The sale includes owners' existing original architectural plans. The EPA Phase 1 & Phase 2 have been completed. The property includes membership to the "SUMMIT CLUB" (resort-style pool, spa, clubhouse with kitchen, tennis courts, gym, playground area, sports court with staff) * AND * "PDRA-Palisades Drive Recreational Assoc" (w/ VIEWS, "off-leash" dog hours, picnic tables, walking/jogging track with exercise equipment, fenced jungle-gym area, a large grassy park-field + parking and restrooms). Enjoy the unique Highlands "micro-climate", hiking/mountain biking trails and surrounding nature. Only minutes to the Palisades "village" and beaches. The Summit is governed by the home owner association CC&R'S. Call agent for HOA dues information.

MLS 26658615

424-777-9040 (Office) 310-995-6344 (Cell) marcchorin@aol.com

Est. payment

$6,391/mo

Principal & interestTaxesInsurance

$5,057$1,042$292

Down %

Rate %

Years

Down payment: $200,000 · Total cost: $2,020,352

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$6,391/mo

Principal & interest: $5,057
Est. property tax: $1,042
Est. insurance: $292
Down payment: $200,000

Est. gross rent$4,167/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,224/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 3, 2026	$1,198,000	—

Facts & Features

Transaction Data

▼Price Reduced from $1,198,000 (−$198,002)

424-777-9040 (Office) 310-995-6344 (Cell) marcchorin@aol.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

1502 Paseo De Oro, Pacific Palisades, CA 90272

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1502 Paseo De Oro Pacific Palisades, CA 90272

About this home

Marc Chorin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Marc Chorin

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

1502 Paseo De Oro, Pacific Palisades, CA 90272

About This Property

Property Photos

1502 Paseo De Oro Pacific Palisades, CA 90272

About this home

Marc Chorin

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Marc Chorin

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.