See Home Value
$6,195,000*
House - Off Market

1055 El Medio Ave

Pacific Palisades, CA 90272
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2214 Sqft
$5,576,000 - $6,814,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Mar 26, 2024
$2,028,500
$4,056,500 by Citibank, Na
Mortgage Due Apr 01, 2054
Sold Mar 26, 2024
$3,767,000

About This Property

Build Your Dream Estate: Private Promontory of Mountain and Ocean Views on nearly 3/4 Acres! This private promontory ocean and mountain view lot features over 338ft+ of frontage exemplifying the 270 degrees of ocean views. This lot offers incredible potential to build a 10,000+ SF private and secluded estate that has massive ocean, city, and mountain views on a 30K+ SF lot in the highly sought-after Upper El Medio of Pacific Palisades only moments to Palisades village. This lot boasts breathtaking vistas perched on a view knoll surrounded by nature and lush trees overlooking multiple $20M+ estates. The long driveway leads to the private and secure lot, offering a peaceful, serene retreat while being in close proximity to Palisades Village, scenic hiking trails and the beach. The existing 2,214 SF 3 bed 2.5 bath home on the lot features a pool, detached garage with bonus room, and ample parking that can be leased out while obtaining your entitlements. This property is NOT located in the California Coastal Commission jurisdiction (buyer to verify). This is one of very few ocean view promontory lots in the Palisades with this proximity to the Palisades Village, lot size, privacy, and the potential to build a $20M+ house in the Palisades.

The manager has listed the unit size as 2214 square feet.
Unit Size
2,214Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$2,798
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Nov 18, 2023 No longer available -
No longer available
Nov 17, 2023 Relisted $6,195,000
Relisted
Oct 12, 2023 No longer available -
No longer available
May 18, 2023 Price Decreased $6,195,000
↓ $300K (4.6%)
Price Decreased
Mar 16, 2023 Listed $6,495,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 30,591
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 2,280
  • Total Building Area: 2,214
  • Building Area: 2,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,214
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 15944
  • Land Acres: 0.702
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 15944 LOT COM AT MOST N COR OF LOT 22 TH SW AND FOLLOWING BDRY LINE OF SD LOT TO NW COR OF LOT 23 TH N ON N PROLONGATION OF W LINE OF SD LOT 23,5 FTSEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 25

Ownership

  • Current Owner : GIGER FAMILY TRUST
  • Current Owner 2: GIGER
  • Previous Owner : WILSHIRE PACIFIC GROUP LLC
  • Owner Before Previous Owner: VISION OPPORTUNITY ZONE FUND LLC
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 262604

Zoning

  • Zoning: LARE15

Geography

  • Assessors Map Reference: 40-C3
  • Subdivision Tract Number: 15944
  • Parcel: 4420-006-024
  • Lot: 22
  • Municipality: WEST /PAC PALISADES
  • Latitude: 34.0524
  • Longitude: -118.532

    Address

  • Full Address: 1055 El Medio Ave
  • Address - House Number: 1055
  • Address - Street Name: El Medio
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Pacific Palisades
  • Carrier Code: C031
  • 4-Digit Zip Code: 2420
  • Zip Code: 90272

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,636
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2304
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 68
  • Final Value: 3,043,412
  • High Value: 3,744,664
  • Low Value: 2,342,161

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,056,500
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Mar 26, 2024
  • First Open Lien Mortgage Loan Amount: $4,056,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,903,770
  • Assessed Land Value: $2,525,024
  • Assessed Improvements Value: $378,746

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Mar 26, 2024
  • Current Sale Transaction ID: 11923129154
  • Current Sale Price: $2,028,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 193362
  • Previous Sale Recording Date: Mar 26, 2024
  • Previous Sale Contract Date: Mar 21, 2024
  • Previous Sale Amount: $3,767,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK, NA
  • First Mortgage Transaction Date: Mar 26, 2024
  • First Mortgage Loan Amount: $4,056,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
6 Baths
-
$6,495,000 Jul 20, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1055 El Medio Avenue built and last sold?
The property at 1055 El Medio Avenue was built in 1956 and last sold on Mar 21, 2024 for $2,028,500.
How much is this home worth?
The estimated value of the home located at 1055 El Medio Avenue is $6,064,085.
What are some comparable homes to 1055 El Medio Avenue?
Homes that are comparable to 1055 El Medio Avenue include a house property at 526 Bienveneda Avenue, located in Pacific Palisades, CA.

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