16150 Northfield Street

Pacific Palisades, CA 90272
MLS# 25531111
$999,000
LAND
Active
DAYS ON MARKET: 8

Listing provided courtesy of: Compass

Property Description

Attention Investors, Developers, and End-Users: You can be a part of the restoration and rebuilding of beloved Pacific Palisades with significant upside potential. Permits are fast-tracked by LA County for "like-for-like" rebuilds when structures are rebuilt to the same size, location, and purpose of the original structure and do not increase the floor area, size, height, or footprint by more than 10% (buyer to fully investigate and verify local requirements which may evolve). Or, start from scratch to completely reimagine and construct your dream home! With great effort taken by city departments to improve the resilience of infrastructure and to promote fire-resistant construction in the area, a restored Pacific Palisades will be better than ever. This desirable corner lot is sited just moments to world-famous beaches, hiking trails, the Palisades Village shopping center, and the best of the Westside. According to recent reporting by the Los Angeles Times, the effort to rebuild all three nearby LA Unified schools is ahead of schedule, with crews having cleared all debris from each campus as of early April. As stated in a mayoral executive order issued in late March, Phase 2 of debris removal is already complete at hundreds of properties and continues at a "historic pace," reflecting the appetite of residents and local officials to rebuild and restore Pacific Palisades as soon as possible.

Listing provided courtesy of: Compass. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 05/07/2025 11:31:54

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