16601 Marquez Ave #304 · Los Angeles, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 5/10 · Moderate
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 7/10 · Major
- Hot days now (above 81°F)
- 8 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 5 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +29.8/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Rent growth +4.3/5.0
- Schools +3.6/10.0
- Livability +3.4/5.0
- Condition / age +1.0/5.0
- Appreciation +0.2/10.0
$350,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This Pacific Palisades unit is being offered "as-is". The interior of the unit was NOT damaged and was recently renovated prior to the fire (photos are pre-fire). Bright and sunny, top floor unit with ocean views from the balcony. The unit requires environmental remediation and is not currently habitable, but does not require a full interior rebuild. The front building is scheduled for remediation, while the rear building sustained significant damage. Seller makes no warranties regarding scope of work, timelines, and will sell on an absolute 'as-is' basis. More information about current status of HOA and remediation can be provided to interested buyers.
Key facts
- $897 HOA
- Garage
- Community pool
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $350k. Condition is rated poor.
Deal economics
- At list price, monthly cash flow is $1k ($15k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($6k rent vs $350k).
- Recommended offer: $318k (9.0% below list) — sets the bar for market timing.
- Cap rate 10.7% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, crime F, cost of living F.
- Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Marquez Charter (314 students, 14% FRL, charter); Paul Revere Charter Middle (1,718 students, 25% FRL, charter); Valley Academy of Arts And Sciences (math 22% / reading 52%, grade F, #578 of 1,170 statewide, top 51%, 868 students, 64% FRL) — zoned schools average 35% FRL vs 67% district-wide (33 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents rising fast (+7.4%/yr); 391 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
- This rent runs 37% of the median local income ($190k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
- Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
- At projected returns (-3.0% appreciation + 7.4% rent growth), your $98k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 105 days — a 9% lower offer ($318k) is reasonable based on typical stale-listing flexibility.
- 15 sale attempts since 28y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 8→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.66% ✓
- Cap rate
- 10.69%
- Cash-on-cash
- 15.71%
- DSCR
- 1.70
- GRM
- 5.0
CMA / ARV
- ARV (median comp)
- $957,049
- List price
- $350,000
- Delta
- -63.43%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 16169 W Sunset Blvd #105 | 0.33mi | 2/2.0 | 1,113 (-5%) | 11mo | $575,000 | $517 | 66 |
| 821 Las Lomas Ave | 0.30mi | 2/2.0 | 1,204 (+2%) | 23mo | $2,239,000 | $1,860 | 63 |
| 16641 Linda Ter | 0.10mi | 3/3.0 (+1) | 1,466 (+25%) | 2mo | $2,200,000 | $1,501 | 60 |
| 16037 Miami Way | 0.43mi | 3/2.0 (+1) | 1,128 (-4%) | 20mo | $2,750,000 | $2,438 | 52 |
| 16123 W Sunset Blvd #101 | 0.41mi | 2/3.0 | 1,386 (+18%) | 0mo | $785,000 | $566 | 52 |
| 18049 Coastline Dr #2 | 1.48mi | 2/2.0 | 1,061 (-10%) | 0mo | $1,950,000 | $1,838 | 49 |
| 16321 Pacific Coast Hwy #145 | 0.70mi | 2/2.0 | 1,304 (+11%) | 2mo | $175,000 | $134 | 47 |
| 37 Aloha Dr | 0.80mi | 2/2.0 | 1,152 (-2%) | 20mo | $1,045,000 | $907 | 45 |
| 17366 W Sunset Blvd #206 | 0.83mi | 2/2.0 | 1,379 (+17%) | 6mo | $960,000 | $696 | 35 |
| 15510 W Sunset Blvd #102 | 0.86mi | 2/2.0 | 1,027 (-13%) | 14mo | $1,250,000 | $1,217 | 32 |
| 744 Haverford Ave | 0.89mi | 2/2.0 | 1,444 (+23%) | 22mo | $2,100,000 | $1,454 | 21 |
| 14816 Drummond St | 1.41mi | 3/2.0 (+1) | 1,450 (+23%) | 20mo | $2,005,000 | $1,383 | 18 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 7.38% rent growth · sell at horizon
- IRR
- 12.6%
- Equity multiple
- 1.53×
- Total profit
- $52,357
- Equity at exit
- $52,186
- IRR
- 25.4%
- Equity multiple
- 3.79×
- Total profit
- $273,367
- Equity at exit
- $30,262
Cash invested: $98,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 0 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City Los Angeles
- 0 Strongly Tenant-Friendly · D+22
ZIP-level market 90272
- Home prices YoY
- -2.6%
- Rents YoY
- 7.4%
- Active inventory
- 391
- Price-to-rent
- 5.0×
Monthly cashflow live
- Estimated rent
- $5,804 high interval (Pro) →
- Mortgage (P&I)
- −$1,835
- Tax from tax record
- −$423 /mo · $5,081/yr
- Insurance
- −$146
- HOA
- −$897
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,219
- Net cashflow
- $1,283
Break-even live
Sensitivity live
| Price | -10% $1,481 | -5% $1,382 | +0% $1,283 | +5% $1,184 | +10% $1,085 |
|---|---|---|---|---|---|
| Rent | -10% $825 | -5% $1,054 | +0% $1,283 | +5% $1,513 | +10% $1,742 |
| Rate | -1.0pp $1,460 | -0.5pp $1,372 | base $1,283 | +0.5pp $1,193 | +1.0pp $1,100 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $87,500
- Closing costs
- $10,500
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 37 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 16641 Linda Ter Pacific Palisades, CA | 3.0 | 2.5 | 1466 | $8,500 | $5.80 | 10d | 1 | 0.10mi |
| 676 Bienveneda Ave Pacific Palisades, CA | 3.0 | 1.5 | 1465 | $6,350 | $4.33 | 28d | 1 | 0.24mi |
| 16169 W Sunset Blvd #201 Pacific Palisades, CA | 2.0 | 2.0 | 1208 | $3,950 | $3.27 | 93d | 1 | 0.36mi |
| 16144 Sunset Blvd Unit 3 Pacific Palisades, CA | 1.0 | 1.0 | 850 | $2,750 | $3.24 | 38d | 1 | 0.42mi |
| 16144 Sunset Blvd Unit 6 Pacific Palisades, CA | 2.0 | 1.0 | 1200 | $3,450 | $2.88 | 37d | 1 | 0.42mi |
| 16144 Sunset Blvd Unit 3 Pacific Palisades, CA | 1.0 | 1.0 | 850 | $2,750 | $3.24 | 27d | 1 | 0.42mi |
| 16144 Sunset Blvd Unit 2 Pacific Palisades, CA | 1.0 | 1.0 | 850 | $2,850 | $3.35 | 14d | 1 | 0.42mi |
| 16144 Sunset Blvd Unit 6 Pacific Palisades, CA | 2.0 | 1.0 | 1200 | $3,450 | $2.88 | 27d | 1 | 0.42mi |
| 16123 Sunset Blvd #304 Pacific Palisades, CA | 2.0 | 2.5 | 1250 | $4,650 | $3.72 | 93d | 1 | 0.44mi |
| 16123 Sunset Blvd #202 Pacific Palisades, CA | 2.0 | 2.0 | 1447 | $4,975 | $3.44 | 31d | 1 | 0.44mi |
| 16123 Sunset Blvd #304 Pacific Palisades, CA | 2.0 | 2.5 | 1250 | $4,300 | $3.44 | 2d | 1 | 0.44mi |
| 16123 Sunset Blvd #202 Pacific Palisades, CA | 2.0 | 2.0 | 1447 | $4,975 | $3.44 | 93d | 1 | 0.44mi |
| 16100 Sunset Blvd Unit 201 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $4,850 | $4.41 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 109 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $5,270 | $4.79 | 73d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 106 Pacific Palisades, CA | 1.0 | 1.0 | 1000 | $3,333 | $3.33 | 7d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 304 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $5,350 | $4.86 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 301 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $5,250 | $4.77 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 104 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $4,995 | $4.54 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 204 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $4,556 | $4.14 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 106 Pacific Palisades, CA | 1.0 | 1.0 | 942 | $4,195 | $4.45 | 93d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 102 Pacific Palisades, CA | 1.0 | 1.0 | 945 | $3,166 | $3.35 | 67d | 1 | 0.45mi |
| 16100 Sunset Blvd Unit 201 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $4,042 | $3.67 | 7d | 1 | 0.45mi |
| 16070 Sunset Blvd Unit 1426 Pacific Palisades, CA | 2.0 | 2.0 | 1100 | $3,840 | $3.49 | 73d | 1 | 0.49mi |
| 16070 Sunset Blvd Unit 101 Pacific Palisades, CA | 2.0 | 2.0 | 1250 | $2,998 | $2.40 | 73d | 1 | 0.49mi |
| 16070 W Sunset Blvd Pacific Palisades, CA | 2.0 | 2.0 | 1250 | $3,198 | $2.56 | 93d | 1 | 0.49mi |
| 513 Arbramar Ave Pacific Palisades, CA | 2.0 | 1.5 | 1282 | $6,800 | $5.30 | 0d | 1 | 0.58mi |
| 17350 W Sunset Blvd #602 Pacific Palisades, CA | 1.0 | 1.0 | 1051 | $4,450 | $4.23 | 0d | 1 | 0.77mi |
| 17366 W Sunset Blvd #201 Pacific Palisades, CA | 1.0 | 1.0 | 1051 | $5,500 | $5.23 | 93d | 1 | 0.79mi |
| 17366 W Sunset Blvd #201 Pacific Palisades, CA | 1.0 | 1.0 | 1051 | $4,500 | $4.28 | 24d | 1 | 0.79mi |
| 17368 W Sunset Blvd #405 Pacific Palisades, CA | 1.0 | 1.0 | 1051 | $4,200 | $4.00 | 8d | 1 | 0.80mi |
| 15480 Antioch St Apt 306 Pacific Palisades, CA | 2.0 | 2.0 | 1202 | $4,114 | $3.42 | 93d | 1 | 0.91mi |
| 437 Swarthmore Ave Pacific Palisades, CA | 2.0 | 2.0 | 1114 | $5,497 | $4.93 | 42d | 1 | 1.13mi |
| 15322 De Pauw St Pacific Palisades, CA | 2.0 | 2.0 | 1200 | $6,000 | $5.00 | 93d | 1 | 1.15mi |
| 18065 Coastline Dr Unit 1 Malibu, CA | 2.0 | 2.0 | 1100 | $9,360 | $8.51 | 93d | 1 | 1.48mi |
| 18065 W Coastline Dr Unit 4 Malibu, CA | 2.0 | 2.0 | 1400 | $6,500 | $4.64 | 19d | 1 | 1.48mi |
| 18063 W Coastline Dr Unit 3 Malibu, CA | 2.0 | 2.0 | 1500 | $8,250 | $5.50 | 4d | 1 | 1.48mi |
| 18069 Coastline Dr Unit 9 Malibu, CA | 2.0 | 2.0 | 1200 | $6,450 | $5.38 | 32d | 1 | 1.50mi |
HOA detail $897/mo · $10,764/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-06-16days on market $350,000 Active 105 DOM
-
2026-06-15days on market $350,000 Active 104 DOM
-
2026-06-13days on market $350,000 Active 102 DOM
-
2026-06-09days on market $350,000 Active 98 DOM
-
2026-06-08days on market $350,000 Active 97 DOM
-
2026-06-07days on market $350,000 Active 96 DOM
-
2026-06-04days on market $350,000 Active 93 DOM
-
2026-06-03days on market $350,000 Active 92 DOM
-
2026-06-02days on market $350,000 Active 91 DOM
-
2026-06-01days on market $350,000 Active 90 DOM
-
2026-05-31days on market $350,000 Active 89 DOM
-
2026-03-27status Active 671-char remark
Show marketing remark (671 chars)
This Pacific Palisades unit is being offered "as-is". The interior of the unit was NOT damaged and was recently renovated prior to the fire (photos are pre-fire). Bright and sunny, top floor unit with ocean views from the balcony. The unit requires environmental remediation and is not currently habitable, but does not require a full interior rebuild. The front building is scheduled for remediation, while the rear building sustained significant damage. Seller makes no warranties regarding scope of work, timelines, and will sell on an absolute 'as-is' basis. More information about current status of HOA and remediation can be provided to interested buyers.
-
2026-03-20historical Backup Offers Accepted 671-char remark
Show marketing remark (671 chars)
This Pacific Palisades unit is being offered "as-is". The interior of the unit was NOT damaged and was recently renovated prior to the fire (photos are pre-fire). Bright and sunny, top floor unit with ocean views from the balcony. The unit requires environmental remediation and is not currently habitable, but does not require a full interior rebuild. The front building is scheduled for remediation, while the rear building sustained significant damage. Seller makes no warranties regarding scope of work, timelines, and will sell on an absolute 'as-is' basis. More information about current status of HOA and remediation can be provided to interested buyers.
-
2026-03-03$350,000 Active 671-char remark
Show marketing remark (671 chars)
This Pacific Palisades unit is being offered "as-is". The interior of the unit was NOT damaged and was recently renovated prior to the fire (photos are pre-fire). Bright and sunny, top floor unit with ocean views from the balcony. The unit requires environmental remediation and is not currently habitable, but does not require a full interior rebuild. The front building is scheduled for remediation, while the rear building sustained significant damage. Seller makes no warranties regarding scope of work, timelines, and will sell on an absolute 'as-is' basis. More information about current status of HOA and remediation can be provided to interested buyers.
-
2017-06-26soldstatus $920,000 Closed 997-char remark
Show marketing remark (997 chars)
Don't miss this Pacific Palisades stunner with ocean views to Catalina! This handsome top-floor unit in the coveted Las Brisas complex has it all: great layout, tastefully updated finishings, quiet neighbors, and the perfect location - close to the beach, hiking trails, and downtown Palisades. The open kitchen has high ceilings, custom cabinetry, and plentiful skylights. Living room features custom built-ins, tongue and groove ceilings, and a beautiful spacious balcony that overlooks the Pacific. Two good-sized bedrooms, each with ample closet space. All the details in this bright and sunny condo were done right - from Carrera marble to wainscoting, crown molding, and recessed lighting throughout. Plus, in-unit laundry, side by side parking, additional storage, bike room, and great amenities. HOA fee includes EQ insurance, gym, pool, and Direct TV. This building will have excellent access to the new Caruso Development in Palisades Village with retail, restaurants, movies, and parks.
-
2017-06-26soldstatus $920,000
Show marketing remark (997 chars)
Don't miss this Pacific Palisades stunner with ocean views to Catalina! This handsome top-floor unit in the coveted Las Brisas complex has it all: great layout, tastefully updated finishings, quiet neighbors, and the perfect location - close to the beach, hiking trails, and downtown Palisades. The open kitchen has high ceilings, custom cabinetry, and plentiful skylights. Living room features custom built-ins, tongue and groove ceilings, and a beautiful spacious balcony that overlooks the Pacific. Two good-sized bedrooms, each with ample closet space. All the details in this bright and sunny condo were done right - from Carrera marble to wainscoting, crown molding, and recessed lighting throughout. Plus, in-unit laundry, side by side parking, additional storage, bike room, and great amenities. HOA fee includes EQ insurance, gym, pool, and Direct TV. This building will have excellent access to the new Caruso Development in Palisades Village with retail, restaurants, movies, and parks.
-
2017-06-21status Pending 997-char remark
Show marketing remark (997 chars)
Don't miss this Pacific Palisades stunner with ocean views to Catalina! This handsome top-floor unit in the coveted Las Brisas complex has it all: great layout, tastefully updated finishings, quiet neighbors, and the perfect location - close to the beach, hiking trails, and downtown Palisades. The open kitchen has high ceilings, custom cabinetry, and plentiful skylights. Living room features custom built-ins, tongue and groove ceilings, and a beautiful spacious balcony that overlooks the Pacific. Two good-sized bedrooms, each with ample closet space. All the details in this bright and sunny condo were done right - from Carrera marble to wainscoting, crown molding, and recessed lighting throughout. Plus, in-unit laundry, side by side parking, additional storage, bike room, and great amenities. HOA fee includes EQ insurance, gym, pool, and Direct TV. This building will have excellent access to the new Caruso Development in Palisades Village with retail, restaurants, movies, and parks.
-
2017-05-28status Backup Offers Accepted 997-char remark
Show marketing remark (997 chars)
Don't miss this Pacific Palisades stunner with ocean views to Catalina! This handsome top-floor unit in the coveted Las Brisas complex has it all: great layout, tastefully updated finishings, quiet neighbors, and the perfect location - close to the beach, hiking trails, and downtown Palisades. The open kitchen has high ceilings, custom cabinetry, and plentiful skylights. Living room features custom built-ins, tongue and groove ceilings, and a beautiful spacious balcony that overlooks the Pacific. Two good-sized bedrooms, each with ample closet space. All the details in this bright and sunny condo were done right - from Carrera marble to wainscoting, crown molding, and recessed lighting throughout. Plus, in-unit laundry, side by side parking, additional storage, bike room, and great amenities. HOA fee includes EQ insurance, gym, pool, and Direct TV. This building will have excellent access to the new Caruso Development in Palisades Village with retail, restaurants, movies, and parks.
-
2017-05-22$895,000 Active 997-char remark
Show marketing remark (997 chars)
Don't miss this Pacific Palisades stunner with ocean views to Catalina! This handsome top-floor unit in the coveted Las Brisas complex has it all: great layout, tastefully updated finishings, quiet neighbors, and the perfect location - close to the beach, hiking trails, and downtown Palisades. The open kitchen has high ceilings, custom cabinetry, and plentiful skylights. Living room features custom built-ins, tongue and groove ceilings, and a beautiful spacious balcony that overlooks the Pacific. Two good-sized bedrooms, each with ample closet space. All the details in this bright and sunny condo were done right - from Carrera marble to wainscoting, crown molding, and recessed lighting throughout. Plus, in-unit laundry, side by side parking, additional storage, bike room, and great amenities. HOA fee includes EQ insurance, gym, pool, and Direct TV. This building will have excellent access to the new Caruso Development in Palisades Village with retail, restaurants, movies, and parks.
-
2011-08-05soldstatus $555,000 Closed
-
2011-08-04soldstatus $555,000
-
2011-07-21status Pending
-
2011-04-25status Backup Offers Accepted
-
2011-04-01price $520,000
-
2011-02-25status Active
-
2011-02-25historical Expired
-
2010-08-26$640,000 Active
-
2010-03-10historical Expired
-
2010-01-15status Active
-
2010-01-05historical Hold
-
2009-12-02price
-
2009-11-10Active
-
2009-06-10historical
-
2009-06-09historical
-
2009-05-23price
-
2009-05-22price
-
2009-04-28price
-
2009-04-28status
-
2009-04-23historical
-
2009-04-21
-
2009-04-18price
-
2009-03-25price
-
2009-03-11price
-
2009-01-17
-
2007-04-24soldstatus $667,950 Closed
-
2007-04-06soldstatus $670,000
-
2007-02-23historical
-
2006-11-03$599,500
-
2004-05-17soldstatus $550,000
-
2004-05-17soldstatus $549,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $5,081 · $423/mo
- Projected year-2 tax
- $5,081 · $423/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 5/10 Major
- Heat 7/10 Severe 8 d/yr ≥81°F today · 21 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $69,646
- − Mortgage interest
- −$19,605
- − Property taxes
- −$5,081
- − Insurance
- −$1,750
- − Repairs & maintenance
- −$5,572
- − Management
- −$5,572
- − HOA
- −$10,764
- − Depreciation
- −$10,182
- Taxable income
- $11,120
- Est. tax owed @ 24.0%
- −$2,669
- After-tax cash flow
- $12,731/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 10 photos
This Pacific Palisades unit requires extensive repairs and rebuilding due to significant damage from a fire. The property is currently not habitable and requires environmental remediation. The cost of rebuilding and remediation will be substantial.
Components & finishes AI
Deferred maintenance Est. $10,000–$30,000 screening
- Major Roof (roof) — The roof appears to be missing or damaged.
Repairs flagged
- Major Kitchen cabinets — Severe damage to cabinets and countertops
- Major Bathroom fixtures — Damaged fixtures and tiles
- Major Roof — Damaged roof visible in satellite image
- Major Siding — Damaged siding
- Major Windows — Damaged windows
- Major Flooring — Damaged flooring
- Major Interior walls — Damaged walls and paint
- Major HVAC — Damaged HVAC and electrical systems
Value-add opportunities
- Resale Rebuild kitchen and bathrooms — Both kitchen and bathrooms are severely damaged and need complete rebuild ↑
- Resale Rebuild roof and siding — Both roof and siding are severely damaged and need complete rebuild ↑
- Resale Replace windows — Damaged windows need replacement for safety and aesthetics ↑
- Resale Rebuild flooring — Damaged flooring needs complete replacement ↑
- Resale Rebuild interior walls and paint — Damaged walls and paint need complete rebuild ↑
- Resale Rebuild HVAC and electrical systems — Damaged HVAC and electrical systems need complete rebuild ↑
ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Los Angeles Unified
- NCES district ID
- 0622710
- Math proficiency
- 29% ▼ -4.00%
- Reading proficiency
- 54% ▲ 10.00%
- Median HH income
- $50,403
- Composite
- 35.67/100
- National rank
- #4875
- State rank
- #223 of 517 in CA
Livability — Los Angeles
- Score
- 68/100
- State rank
- #273
- US rank
- #9237
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Los Angeles, CA
- County
- Los Angeles County · 10,940,515 people
- City population
- 3,838,149
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 21,390
- Household income
- $189,713
- Rent vs Own
- Severe rent burden
- 5% of renters
Population outlook (Los Angeles County) Hauer SSP2
- Today (2025)
- 10,940,515 people
- By 2030
- 11,256,481 · +2.9%
- By 2040
- 11,729,929 · +7.2%
- By 2050
- 11,948,407 · +9.2%
- By 2075
- 11,818,114 · +8.0%
- By 2100
- 10,842,928 · -0.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (81%)
- Race & ethnicity
- White 81% Two or more races 9% Asian 6% Hispanic / Latino 4%
- Common ancestry
- Italian 6% Romanian 6% Scotch-Irish 4%
- Foreign-born
- 15% · Canada, China, South Korea
- Languages at home
- 85% English-only · Other Indo-European 4% Spanish 3% Chinese 2%
Political lean MEDSL · Los Angeles
- 2024 margin
- Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
- 2008→2024 swing
- -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
- All cycles
- 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -9.51%
- Current HPI
- 350.2712
- Rent YoY
- ▲ 7.38%
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
|
||
| Financial Services | 3 | $174B |
|
||
| Retail | 3 | $44B |
|
||
| Insurance | 3 | $26B |
|
||
| Media / Entertainment | 2 | $115B |
|
||
| Pharmaceuticals / Biotech | 2 | $62B |
|
||
Price history
+34.6% since first listed51 events — show timeline
- 2026-03-27 Relisted — TheMLS
- 2026-03-20 Contingent — TheMLS
- 2026-03-03 Listed $350,000 TheMLS
- 2017-06-26 Sold (Public Records) $920,000 Public Records
- 2017-06-26 Sold (MLS) $920,000 TheMLS
- 2017-06-21 Pending — TheMLS
- 2017-05-28 Pending — TheMLS
- 2017-05-22 Listed $895,000 TheMLS
- 2011-08-05 Sold (MLS) $555,000 TheMLS
- 2011-08-04 Sold (Public Records) $555,000 Public Records
- 2011-07-21 Pending — TheMLS
- 2011-04-25 Pending — TheMLS
- 2011-04-01 Price Changed $520,000 TheMLS
- 2011-02-25 Relisted — TheMLS
- 2011-02-25 Delisted — TheMLS
- 2010-08-26 Listed $640,000 TheMLS
- 2010-03-10 Delisted — TheMLS
- 2010-01-15 Relisted — TheMLS
- 2010-01-05 Delisted — TheMLS
- 2009-12-02 Price Changed — TheMLS
- 2009-11-10 Listed — TheMLS
- 2009-06-10 Delisted — TheMLS
- 2009-06-09 Delisted — TheMLS
- 2009-05-23 Price Changed — TheMLS
- 2009-05-22 Price Changed — TheMLS
- 2009-04-28 Relisted — TheMLS
- 2009-04-28 Price Changed — TheMLS
- 2009-04-23 Delisted — TheMLS
- 2009-04-21 Listed — TheMLS
- 2009-04-18 Price Changed — TheMLS
- 2009-03-25 Price Changed — TheMLS
- 2009-03-11 Price Changed — TheMLS
- 2009-01-17 Listed — TheMLS
- 2007-04-24 Sold (MLS) $667,950 TheMLS
- 2007-04-06 Sold (Public Records) $670,000 Public Records
- 2007-02-23 Delisted — TheMLS
- 2006-11-03 Listed $599,500 TheMLS
- 2004-05-17 Sold (Public Records) $549,000 Public Records
- 2004-05-17 Sold (MLS) $550,000 TheMLS
- 2004-05-03 Delisted — TheMLS
- 2004-04-12 Listed $559,000 TheMLS
- 2004-03-12 Sold (Public Records) $440,000 Public Records
- 2004-03-12 Sold (MLS) $440,000 TheMLS
- 2004-01-22 Delisted — TheMLS
- 2004-01-21 Listed $465,000 TheMLS
- 1998-12-29 Sold (MLS) $275,000 TheMLS
- 1998-12-10 Delisted — TheMLS
- 1998-11-06 Delisted — TheMLS
- 1998-10-20 Listed $289,900 TheMLS
- 1998-08-06 Listed — TheMLS
- 1989-04-18 Sold (Public Records) $260,000 Public Records
Property tax history
-2.8%/yrLatest (2025): $5,081 · -60.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…