16601 Marquez Avenue #103, Pacific Palisades, CA 90272
Local realty services provided by:ERA North Orange County Real Estate
16601 Marquez Avenue #103,Pacific Palisades, CA 90272
$699,000
- 1 Beds
- 1 Baths
- 928 sq. ft.
- Condominium
- Active
Listed by: greg erpenbach, shirley erpenbach
Office: equity union
MLS#:26668571
Source:CRMLS
Price summary
- Price:$699,000
- Price per sq. ft.:$753.23
- Monthly HOA dues:$668
About this home
This Pacific Palisades condominium is located in the Marquez Knolls neighborhood. The building is currently not inhabitable due to the recent fire event. It represents a unique opportunity to acquire a unit in a highly desirable area at a substantial discount, well-suited for investors, builders or buyers experienced with HOA-managed restoration and remediation processes. This residential unit is a one bedroom one bath with a beautiful large patio situated in the front building consisting of 13 units within the 28-unit complex. The front building remains standing and the inside of the unit appears to have no damage. The entire front building was, however, was impacted by the fire and possibly requires extensive evaluation, remediation, and repair. The rear building, which contained 15 units, was destroyed. Currently, the HOA is 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 includes an estimated land value allocation for the unit and a potential long-term opportunity, subject to HOA direction and approvals. Property is being sold as-is. 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 opportunity to acquire this property in Marquez Knolls, is subject to buyer's independent due diligence. (all photos are pre-fire)....
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Home facts
- Year built:1965
- Listing ID #:26668571
- Added:1 day(s) ago
- Updated:March 24, 2026 at 03:37 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Wood
- Living area:928 sq. ft.
Structure and exterior
- Year built:1965
- Building area:928 sq. ft.
- Lot area:0.52 Acres
- Architectural Style:Contemporary
- Levels:1 Story
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$753.23
Features and amenities
- Pool features:Association, Pool
Parking
- Total parking spaces:1
- Parking description:Community Structure, Gated
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