16601 Marquez AVE #201, Pacific Palisades, CA 90272
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David Bailey

David Bailey

+1(213) 804-6566
$ 499,000
Est. payment | /mo

2 Beds

2 Baths

1,304 SqFt

Save
$ 499,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,304 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,304 sqft

Price per Sqft $382

MLS Listing ID 26666121

Bedrooms 2

Full Baths 2

HOA Fees $913/mo

HOA Y/N Yes

Year Built 1965

Lot Size 0.516 Acres

Property Sub-Type Condominium

Property 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.

Location

State CA

County Los Angeles

Area C15 - Pacific Palisades

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Exterior

Parking Features Community Structure

Pool Association

Amenities Available Controlled Access, Pool, Spa/Hot Tub

View Y/N Yes

View Coastline, Ocean

Total Parking Spaces 2

Private Pool No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Pets Allowed Yes

Senior Community No

Tax ID 4419013040

Security Features Security Gate,Key Card Entry

Special Listing Condition Standard

Pets Allowed Yes

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Todd Stein Campbell Wellman Properties #01879814

Nearby Locations

David Bailey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 804-6566

davidbailey@kw.com

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16601 Marquez AVE #201