List Price: $949K

Listing Status: Pending

Original List Price: $1.2M

Days on Market: 127

0 Bedrooms · 0 Bathrooms

Property Type: Land

Lot Size: 5,559 sq ft

MLS Number: 25550883

About This Property

Attention Investors, Developers, and End-Users: You can be a part of the restoration and rebuilding of beloved Pacific Palisades with significant upside potential. Permits are fast-tracked by LA County for "like-for-like" rebuilds when structures are rebuilt to the same size, location, and purpose of the original structure and do not increase the floor area, size, height, or footprint by more than 10% (buyer to fully investigate and verify local requirements which may evolve). Or, start from scratch to completely reimagine and construct your dream home! With great effort taken by city departments to improve the resilience of infrastructure and to promote fire-resistant construction in the area, a restored Pacific Palisades will be better than ever. This desirable corner lot is sited just moments to world-famous beaches, hiking trails, the Palisades Village shopping center, and the best of the Westside. According to recent reporting by the Los Angeles Times, the effort to rebuild all three nearby LA Unified schools is ahead of schedule, with crews having cleared all debris from each campus as of early April. As stated in a mayoral executive order issued in late March, Phase 2 of debris removal is already complete at hundreds of properties and continues at a "historic pace," reflecting the appetite of residents and local officials to rebuild and restore Pacific Palisades as soon as possible.

Listing provided by: Sally Forster Jones DRE #00558939 310-230-5478 showings@sallyforsterjones.com, Compass