Property listed by Campbell Wellman Properties, Todd Stein 310-437-5333
$499,000
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
Listing Snapshot
Days Online
8
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
Additional Details
Building
Built in 1965, Living area: 1304.0, Levels: One, Entry level: 3
Cooling
CentralAir
Fireplaces
None
Floors
Wood
Heating
Central
Home Owner's Association
Association Fee: $913.14, Fee Frequency: Monthly, Amenities: ControlledAccess, Pool, SpaHotTub
Lot
0.5165 acres
Parking
2 total parking spaces, CommunityStructure
Pets Policy
Allowed: Yes
Pool
Association
Property
Coastline, Ocean
Security Features
SecurityGate, KeyCardEntry
Taxes
Parcel Number: 4419013040, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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