Listing Agent: Todd Stein      Broker/Office: Campbell Wellman Properties
Unit 203 16601 Marquez Avenue Pacific Palisades CA 90272
$ 450,000
  2   |    2   |    1086 Sq Feet

Listing ID

#26666113

Status

Active

Property Type

Condominium

County

Los Angeles

Year Built

1965

Days on website

3

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 offers approximately 1,086 square feet of interior space (buyer to verify), along with ocean views and a large double 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
Financial Information
List Price:  $ 450000
Property Features
MLS Area Major:  C15 - Pacific Palisades
City:  Pacific Palisades
Senior Community YN:  false
Listed By:   Todd Stein   Campbell Wellman Properties 
Co-listed by
Colin Wellman  
CA Lic#