15975 Alcima Ave Pacific Palisades, CA 90272
Pacific Palisades NeighborhoodEstimated payment $56,662/month
About This Lot
A rare opportunity to reimagine a once-iconic estate in the heart of the Pacific Palisades. Formerly home to a nearly 12,000 square foot custom-built contemporary farmhouse, this expansive, nearly one-acre lot offers an extraordinary chance to build your dream residence with panoramic sunrise-to-sunset ocean views. Set atop a private gated driveway just minutes from the Palisades Village, the property is perched above the coastline and surrounded by a serene microarea that remains largely intact offering both privacy and a sense of community. The previous home featured 7 bedrooms, 12 bathrooms, and a host of luxury amenities including a wellness retreat, theater, wine cellar, and expansive outdoor entertainment areas. Now, this blank canvas invites a new vision. Included in the sale are architectural plans the owner is prepared to transfer to the buyer, paving the way for a future build that honors the scale, elegance, and original intention of the residence. Whether you're looking to restore the estate's former glory or create a brand-new architectural masterpiece, the groundwork has been thoughtfully laid. This is a rare and compelling offering in one of LA's most coveted neighborhoodsa once-in-a-lifetime chance to create value, legacy, and an unrivaled lifestyle. The property appraised for $23,000,000 in 2022, presenting a remarkable opportunity to build with equity already in place. Debris removal is currently being completed privately.
Property Details
Property Type
- Land
Est. Annual Taxes
- $178,917
Year Built
- 1950
Lot Details
- 0.76 Acre Lot
- Lot Dimensions are 110x290
- Property is zoned LARE15
Property Views
- Ocean
- Coastline
- Catalina
- Panoramic
- Orchard Views
Utilities
- Sewer in Street
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 4420-005-001
Map
Home Values in the Area
Average Home Value in this Area
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 | $178,917 | $14,869,900 | $11,900,000 | $2,969,900 |
| 2023 | $74,473 | $6,165,159 | $4,029,870 | $2,135,289 |
| 2022 | $71,231 | $6,044,274 | $3,950,853 | $2,093,421 |
| 2021 | $70,139 | $5,925,760 | $3,873,386 | $2,052,374 |
| 2019 | $68,017 | $5,750,000 | $3,758,500 | $1,991,500 |
| 2018 | $3,252 | $238,916 | $126,895 | $112,021 |
| 2017 | $3,189 | $234,232 | $124,407 | $109,825 |
| 2016 | $3,002 | $229,640 | $121,968 | $107,672 |
| 2015 | $2,961 | $226,191 | $120,136 | $106,055 |
| 2014 | $2,992 | $221,761 | $117,783 | $103,978 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | For Sale | $7,495,000 | -48.3% | -- |
| 05/02/2024 05/02/24 | Sold | $14,500,000 | -9.4% | $1,239 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 01/17/2024 01/17/24 | For Sale | $15,999,000 | +178.2% | $1,367 / Sq Ft |
| 09/28/2018 09/28/18 | Sold | $5,750,000 | +4.5% | $1,869 / Sq Ft |
| 07/31/2018 07/31/18 | Pending | -- | -- | -- |
| 07/18/2018 07/18/18 | For Sale | $5,500,000 | -- | $1,787 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $14,400,000 | Usa National Title Company | |
| Trustee Deed | $14,869,922 | Accommodation/Courtesy Recordi | |
| Grant Deed | $5,750,000 | California Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $14,400,000 | Usa National Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $8,000,000 | New Conventional | |
| Previous Owner | $2,750,000 | New Conventional | |
| Previous Owner | $1,950,000 | New Conventional | |
| Previous Owner | $0 | New Conventional | |
| Previous Owner | $600,000 | New Conventional | |
| Previous Owner | $11,900,000 | Construction | |
| Previous Owner | $10,700,000 | Construction | |
| Previous Owner | $9,700,000 | Construction | |
| Previous Owner | $850,000 | Commercial | |
| Previous Owner | $8,200,000 | Construction | |
| Previous Owner | $4,312,500 | Commercial | |
| Previous Owner | $4,312,500 | Commercial |
Source: The MLS
MLS Number: 25514961
APN: 4420-005-001
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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