16601 Marquez Ave #202, Pacific Palisades, CA 90272
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$ 350,000
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16601 Marquez Ave #202 Pacific Palisades, CA 90272

2 Beds

2 Baths

1,175 SqFt


UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,175 sqft

Price per Sqft $297

MLS Listing ID 26666117

Style Architectural

Bedrooms 2

Full Baths 2

HOA Fees $824/mo

HOA Y/N Yes

Year Built 1965

Lot Size 0.517 Acres

Acres 0.5165

Property Sub-Type Condo

Property Description

Public Remarks (Unit 202 Revised & Protected)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 1,175 square feet 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.

Location

State CA

County Los Angeles

Area Pacific Palisades

Building/Complex Name Las Brisas

Zoning LAR3

Rooms

Dining Room 0

Interior

Heating Central

Cooling Central

Flooring Hardwood

Fireplaces Type None

Equipment None

Laundry In Unit

Exterior

Parking Features Community Garage

Garage Spaces 2.0

Pool Association Pool, In Ground

Amenities Available Controlled Access, Elevator, Spa, Pool, Gated Parking

View Y/N Yes

View Coastline, Ocean, Tree Top

Building

Architectural Style Architectural

Level or Stories One

Others

Special Listing Condition Standard

Pets Allowed Yes


TheMLS (CLAW)
Listed by Campbell Wellman Properties
Andrei Rafols

Andrei Rafols

Agent | License ID: 02014153

+1(310) 651-1906

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16601 Marquez Ave #202