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… Read More 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. Read Less
Courtesy of Campbell Wellman Properties 310-437-5333
Listing Snapshot
Days Online
60
Last Updated
Property Type
Condominium
Beds
2
Full Baths
2
Square Ft.
1,304
Lot Size
0.52 Acres
Year Built
1965
MLS Number
26666121
30 Days Snapshot Of 90272
$3.57M
-13%
(avg) sold price
11
-26%
homes sold
72
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Controlled Access, Elevator, Spa, Pool
Appliances & Equipment
None
Building
1,304 sq ft, Built in 1965, Levels: One, Attached, Architectural
Cooling
Central
Disclosures
As Is
Fireplaces
None
Floors
Hardwood
Garage
Community Garage
Heating
Central
Home Owner's Association
Dues Frequency: Monthly, HOA Present, Homeowner Dues: $913, Pet Rules: Yes
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