Description

The previous 75 unit multi-residential Property burned during the January 2025 fire. Presently the Property is vacant land. Proposed Project : According to City of Los Angeles Mayor's Executive order, a new luxury 75-unit multi-family property may be built with 70,778+/- S.F. FAR. The architectural rendering shown here of a potential future development has been created by Artificial Intelligence. Pacific Palisades is on the road to recovery as the rebuilding process is now underway. The property provides a prime opportunity for a developer to be a part of bringing modern, luxury housing to this very affluent, resilient, and coveted community. Ideally located on iconic Sunset Boulevard, the parcel is well-located between Santa Monica and Malibu. It is just minutes from the beach and a short distance from Palisades Village. Under the Los Angeles Mayor's executive order, this site is eligible for a 110% FAR (floor area ratio) and will need to be the same use as the pre-wildfire structure. There has been a concerted effort from residents as well as government officials to work together to rebuild the community and reduce obstacles in the way of rebuilding.