16601 Marquez Avenue 103 #103
Pacific Palisades, CA 90272
- Bedrooms
- 1
- Bathrooms
- 1
- Interior
- 928 sq ft
- Year Built
- 1965
About this residence
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 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).
Property details
- Status
- For Sale
- Property type
- Condo
- Price per sq ft
- $322/sq ft
- Days on market
- 28 days
- Year built
- 1965
- HOA fee
- $668/mo
- View
- None
- Parking
- 1 space
- Furnished
- No
- Waterfront
- No
- MLS number
- 26668571
Location & neighborhood
16601 Marquez Avenue 103 #103, Pacific Palisades, CA 90272
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- Principal & interest$1,512
- Property taxes$453
- Insurance$125
- HOA / fees$668
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Equity Union · MLS 26668571. Information deemed reliable but not guaranteed; buyers should independently verify all details.
Equal Housing Opportunity. LA Condo HQ is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, or any other protected class. All measurements, square footage, and financial figures are approximate and provided for informational purposes only.