Pacific Palisades Development Site Comes to Market
KW Commercial’s The Soroudi Team has been exclusively assigned to market a 1.04-acre development site located at 17250 Sunset Blvd. in Pacific Palisades. The site was formerly a 64,344-square-foot, 75-unit apartment property built in 1972 that was burned in the January 2025 wildfires.
Currently, the land has been cleared and is ready for an investor to rebuild. The new development will allow for 75 luxury units and a slightly larger building size of up to 70,778 square feet. It is being offered at $19.995 million.
“Pacific Palisades is on the road to recovery as the rebuilding process is now underway,” said Hamid Soroudi, senior commercial director at KW Commercial. “We believe that this 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.”
The parcel is located between Santa Monica and is a short distance from Palisades Village.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout