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111 Marquez Pl 1.38 Acres of Residential Land Offered at $35,000,000 in Pacific Palisades, CA 90272
Investment Highlights
- Ocean view
- Wide cleared land opportunity
- Convenient access to Pacific Coast Highway
- Surrounded by natural hillside terrain
- 1.45-acre parcel with zoning that supports multifamily residential use.
- Close to Palisades Village, beaches, and outdoor recreation areas.
Executive Summary
This 1.45-acre development site represents a rare opportunity to secure land in Pacific Palisades, a market defined by limited supply and enduring demand. Zoned LAR3, the property allows for multifamily residential use, making it an attractive option for developers and investors seeking to deliver high-end housing in a premier Los Angeles submarket.
The site’s proximity to Palisades Village, Santa Monica, and Malibu enhances its long-term value proposition, while nearby beaches, hiking trails, and cultural amenities create a lifestyle appeal that commands premium pricing. With strong demographic fundamentals, high household incomes, and a constrained pipeline of new construction, this parcel offers significant upside for those looking to capitalize on one of Southern California’s most exclusive residential corridors.
The site’s proximity to Palisades Village, Santa Monica, and Malibu enhances its long-term value proposition, while nearby beaches, hiking trails, and cultural amenities create a lifestyle appeal that commands premium pricing. With strong demographic fundamentals, high household incomes, and a constrained pipeline of new construction, this parcel offers significant upside for those looking to capitalize on one of Southern California’s most exclusive residential corridors.
Property Facts
| Price | $35,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.38 AC |
| Property Type | Land | ||
| Zoning | LAR3 - Permits multi-unit residential dwellings | ||
| Price | $35,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.38 AC |
| Zoning | LAR3 - Permits multi-unit residential dwellings |
1 Lot Available
Lot
| Price | $35,000,000 | Lot Size | 1.38 AC |
| Price Per AC | $25,410,008.64 |
| Price | $35,000,000 |
| Price Per AC | $25,410,008.64 |
| Lot Size | 1.38 AC |
111 Marquez Place offers a 1.45-acre parcel in the heart of Pacific Palisades
Description
Perched above the Pacific Ocean on a serene cul-de-sac, 111 Marquez Place offers an exceptional multi-family residential setting on a rare 1.45-acre lot. This land offers a wide, cleared land opportunity. The site sits on a quiet cul-de-sac with expansive ocean proximity, surrounded by natural hillside terrain. Zoned LAR3, the parce;l supports future multi-family redevelopment.
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4415-022-006 | Improvements Assessment | $2,378,290 |
| Land Assessment | $740,432 | Total Assessment | $3,118,722 |
Property Taxes
Parcel Number
4415-022-006
Land Assessment
$740,432
Improvements Assessment
$2,378,290
Total Assessment
$3,118,722
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111 Marquez Pl