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Back 16988 Marquez Avenue
Off Market

16988 Marquez Avenue

Los Angeles CA 90272

9308 sq. ft.
Land
Last sold for $1,560,000
Lee MintzLee Mintz, last sold this property on 11 June 2025 after 25 days on market.

Overview

Located at the prominent corner of Sunset Boulevard and Marquez Avenue, this 9,306-square-foot lot offers a rare opportunity in the highly desirable Marquez Knolls neighborhood of Pacific Palisades. The property is currently a vacant lot, providing a blank canvas for developers to create a substantial custom home. Under current R1 zoning regulations, there's potential to build up to 7,167 square feet, with an additional 10% allowance, totaling approximately 7,884 square feet. The generous lot size also allows for the inclusion of luxury amenities such as a pool and landscaped backyard, enhancing the property's appeal. Situated just half a mile from local beaches and the Palisades Village, this location combines the tranquility of a residential enclave with the convenience of nearby shopping, dining, and top-tier schools. Please inquire for additional details on the development potential and to view photos of the property prior to redevelopment.

Features

9308 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Los Angeles over the last 12 months, the estimated median property value of 16988 Marquez Avenue is $1.69m.

Median value
$1.69m
Estimated value range
$500k - $9.38m
Median days on market
29
Estimated value trend
-30%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16988 Marquez Avenue

2025
Sold
$1,560,000
11 Jun 2025 by Lee Mintz, of Compass
2023
Rented
Undisclosed
17 Jan 2023 by Compass

Happy sellers in Los Angeles

85%
85% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 374 land plots similar to 16988 Marquez Avenue, have been sold.

This represents a 572% decrease in land plots sales when compared to the previous 12 months.

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STEVEN PACHECO

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