$2,398,000

Estimated payment $16,944/month

0.16 Acre
$14,766,010 Price per Acre
7,073 Sq Ft Lot

About This Lot

Located in the Alphabet Streets, mere blocks from Palisades Village, this 7,073-square-foot parcel offers a premier opportunity to take part in the Palisades' next chapter. Prior to the recent wildfire event, the site included a newly constructed modern residence -- completed in Dec. 2023 -- with 6,402 square feet of refined living, including 7 en suite bedrooms and 9 bathrooms. Delivered with the sale are previously approved architectural plans (2022) for the former home with highlights including a thoughtfully designed layout with a private elevator, gourmet kitchen with butler's pantry, formal dining room, expansive primary suite, a lower-level retreat with rec room and theater, and an attached two-car garage. The exterior space was designed for resort-style living, complete with a rooftop deck with far-reaching ocean views and a backyard with a pergola-shaped patio, pool, and spa. The property was deferred to Phase 2 environmental remediation and this will be completed at no cost to the buyer. Located just moments from Palisades Village, with seamless access to the Westside and beyond via Sunset Boulevard and PCH, this exceptional offering presents a significant head start toward crafting a dream residence while contributing to the revitalization of this cherished coastal enclave.

Listing Agent

F. Ron Smith

Compass License #00961954

Compass

Co-Listing Agent

David Berg

Compass License #01481236

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $42,723

Year Built

  • 1949

Lot Details

  • 7,073 Sq Ft Lot
  • Lot Dimensions are 50x141
  • Property is zoned LAR1

Property Views

  • Ocean
  • Panoramic
  • City
  • Canyon
  • Mountain

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 4423-009-016

Property Details

Property Type

Land

Est. Annual Taxes

$42,723

Year Built

1949

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Legal Description: Lot Number: 16 Block: 59 Tract No: 9300
  • Lot Acreage: 0.1624
  • Lot Dimensions: 50x141
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1949

Exterior Features

  • Public Street: Yes
  • Road Frontage: 50.165
  • View: Canyon, City, Mountains, Ocean, Panoramic, Tree Top
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4423-009-016
  • Current Geological: No
  • Lot Description: Raw Land
  • Lot Location: City
  • Lot Size Area: 7073

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $42,723 $3,537,360 $2,829,888 $707,472
2023 $41,885 $3,468,000 $2,774,400 $693,600
2022 $39,916 $3,400,000 $2,720,000 $680,000
2021 $11,603 $963,860 $816,840 $147,020
2020 $11,722 $953,978 $808,465 $145,513
2019 $11,256 $935,273 $792,613 $142,660
2018 $11,176 $916,935 $777,072 $139,863
2016 $10,693 $881,332 $746,899 $134,433
2015 $10,536 $868,094 $735,680 $132,414
2014 $10,575 $851,091 $721,270 $129,821
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $2,398,000 -71.3% --
05/06/2024 05/06/24 Sold $8,360,000 -4.7% $1,277 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/05/2024 04/05/24 Price Changed $8,775,000 -6.4% $1,340 / Sq Ft
03/14/2024 03/14/24 For Sale $9,375,000 0.0% $1,432 / Sq Ft
03/05/2014 03/05/14 Rented $4,300 -4.4% --
03/05/2014 03/05/14 Under Contract -- -- --
01/27/2014 01/27/14 For Rent $4,500 -- --
Source: The MLS

Deed History

Date Type Sale Price Title Company
Grant Deed $8,360,000 Fidelity National Title
Grant Deed $3,400,000 Equity Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,775,000 New Conventional
Previous Owner $3,980,000 Construction
Source: Public Records

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Source: The MLS

MLS Number: 25530551

The MLS

APN: 4423-009-016