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- LoopNet Team
17030 W Sunset Blvd
Pacific Palisades, CA 90272
17030 W Sunset Blvd · Land For Sale
·
0.98 AC
INVESTMENT HIGHLIGHTS
- Irreplaceable coastal Los Angeles property
- Located near Caruso’s Palisades Village retail center.
- Opportunity for value creation through entitlements
- Exceptional Pacific Palisades location
- Proximate to Santa Monica, Brentwood, Marina del Rey, Malibu
- Strong market demand for luxury residential product
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.98 AC |
| Zoning | [Q] R3-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.98 AC |
| Zoning | [Q] R3-1 |
DESCRIPTION
CBRE, Inc. is pleased to present for sale 17030 W. Sunset Boulevard, a premier development opportunity for up to 49 luxury multifamily residential units located in the upscale Pacific Palisades neighborhood of coastal Los Angeles, California. Boasting an irreplaceable Southern California surf-and-sun location, the property sits just ±400 feet from the Pacific Ocean and is situated with approximately 99 feet of frontage along iconic Sunset Boulevard. The site is located in one of the most desirable residential communities in the Western United States, abounds with stunning natural beauty, and is surrounded by some of the nation’s most appealing demographics with a highly educated population within a 3-mile radius earning projected 2024 average household incomes of $257,691. Pacific Palisades is known as the spot “Where the Mountains Meet the Sea” and is internationally popular among tourists. Visitors come throughout the year to enjoy the famed Getty Villa Museum, legendary Will Rogers Polo Club and State Park, the beautiful weather, and breathtaking coastline. In October 2011 a Coastal Development Permit and environmental determination for a 49-unit development were approved by the City of Los Angeles. Due to an administrative filing error that resulted in project approvals not being finalized, the proposed entitlement was appealed then overturned, based in part on an inaccurate coastal zone bluff map. Ownership believes that with the coastal bluff zone map issue now resolved, entitlements can be resubmitted and finalized. Price: $10,595,000 www.SunsetCanyon-cbre.com
PROPERTY TAXES
| Parcel Number | 4415-020-008 | Improvements Assessment | $0 |
| Land Assessment | $1,673,277 | Total Assessment | $1,673,277 |
PROPERTY TAXES
