This Pacific Palisades condominium is located in the Marquez Knolls neighborhood. The building is currently not inhabitable due to the recent fire event. It represents a unique opportunity to acquire a unit in a highly desirable area at a substantial discount, well-suited for investors, builders or buyers experienced with HOA-managed… Read More restoration and remediation processes. This residential unit is a one bedroom one bath with a beautiful large patio situated in the front building consisting of 13 units within the 28-unit complex. The front building remains standing and the inside of the unit appears to have no damage. The entire front building was, however, was impacted by the fire and possibly requires extensive evaluation, remediation, and repair. The rear building, which contained 15 units, was destroyed. Currently, the HOA is 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 includes an estimated land value allocation for the unit and a potential long-term opportunity, subject to HOA direction and approvals. Property is being sold as-is. 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 opportunity to acquire this property in Marquez Knolls, is subject to buyer's independent due diligence. (all photos are pre-fire). Read Less
Courtesy of Equity Union 661-516-2064
Listing Snapshot
Days Online
56
Last Updated
Property Type
Condominium
Beds
1
Full Baths
1
Square Ft.
928
Lot Size
0.52 Acres
Year Built
1965
MLS Number
26668571
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
Laundry
In Unit
Amenities
Gated Community, Exercise Room, Pool
Appliances & Equipment
None
Building
928 sq ft, Built in 1965, Levels: One, Attached, Contemporary
Cooling
None
Disclosures
As Is, Property Report, Property Assessments Unknown, Homeowners Association, LA/Owner Related, CC and R, Short Pay
Fireplaces
None
Floors
Wood
Garage
Community Garage, Gated
Heating
Wall Electric
Home Owner's Association
Dues Frequency: Monthly, HOA Present, Homeowner Dues: $668, Pet Rules: Yes, Water and Sewer Paid, Water, Trash
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