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15515 West Sunset Boulevard, 504, Pacific Palisades, CA 90272

$696K2bd · 2ba · 1,116 sqft
HOA $458/mo•Condominium•
Active
•48d on market•MLS# V1-38364

Property Description

Incredible opportunity to purchase in the heart of Pacific Palisades at 2016 prices. Just a two minute walk from Palisades Village (reopened 8/15/26) and within walking distance of award-winning schools, this is a rare chance to own in one of the most desirable locations on the Westside with substantial instant equity. The home is also just a short drive to the beaches, Malibu and Santa Monica, as well as the Riviera Country Club and Temescal Canyon hiking trails, offering easy access to shopping, dining and outdoor activities. Unit 504 is located on the top floor with no neighbor above and does not share a wall with any adjoining unit. That's right; this unique condo is free on all four sides, offering exceptional privacy and a peaceful feel that is hard to find. The brick building survived the Palisades fire, and this unit is ready for a new owner who understands the opportunity and the reality of the area. There will be construction and rebuilding activity in the neighborhood for some time, but for the right buyer, that temporary inconvenience could be the trade off for getting into this location at prices well below where they were before the fire. Inside, the home offers a spacious open floor plan with high ceilings in the living and dining areas. The living room features a cozy fireplace and access to a private balcony. The primary suite features a high ceiling, private balcony, walk-in closet and full bathroom. The second bedroom features glass doors and is ideally suited as a home office or den. A convenient powder room and laundry closet add to the functionality. The unit was remodeled in the early 2000s and remains comfortable and livable, while offering plenty of room to make it your own. With the potential for instant equity, there is an opportunity to update the home over time and bring it into 2026 without paying a premium for someone else's remodel. Enjoy incredible views while they last. The building directly in front is expected to be rebuilt, meaning these views are temporary and could change once construction is complete. If you've been waiting for an opportunity to buy in the Palisades without paying peak-market pricing, this could be it. Prime location, top-floor living, no shared walls, high ceilings, private balconies, an excellent floor plan, award-winning schools and significant upside make Unit 504 a rare opportunity for the buyer willing to look beyond the temporary construction and see the long-term potential.

Features & Amenities

FeeBuilt 1975

Property Details

Land Type
Fee
Year Built
1975
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Heating
Central, Heat Pump
Cooling
Electric, Heat Pump
View
None
Flooring
Laminate, Tile
Roof
Tile, Flat
City
Pacific Palisades
Zip Code
90272
County
Los Angeles
Listed byRE/MAX Gold Coast REALTORS, Ali Abree

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,519.35
Principal & Interest
Loan Amount
$556,800
Total Interest
$710,168
Total Payment Over 30 Years
$1,266,968
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

15515 West Sunset Boulevard, 504, Pacific Palisades, CA 90272

Pacific Palisades · Condominium

$696K
Affordable Tier
Beds
2
Baths
2
Sqft
1,116
Lot
0 sqft
Year
1975
$/Sqft
$624
Pool: Yes✓
Spa: Yes✓
View: None✓
Garage: 2-car✓

Listed 11.3% below the median closed sale of $785,000. Closed comps sold at 90% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 192 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $696K· $624/sqft
Total list price
Closed comps
vs closed median $785K
−$89K (−11.3%)
Active comps
vs active median $629K
+$67K (+10.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $579
+$45 (+7.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
16601 Marquez AvenuePacific Palisades1965221,08622,499$414$450,00020789
16601 Marquez AvenuePacific Palisades1965221,17522,499$535$629,00018188
16601 Marquez AvenuePacific Palisades1965221,17522,499$298$350,00020788
17350 Sunset BoulevardPacific Palisades1963221,261203,956$912$1.15M22384
517 Palisades DrivePacific Palisades1987321,018289,873$736$749,0008284
Total: 5 · Average2.22.01,143112,265.2$579$665,600180
Median1,175$629,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
17243 Palisades CirclePacific Palisades197408/27/2026231,531361,377$1.07M$1.00M$6530.9313178
16040 Sunset BoulevardPacific Palisades198810/05/2026231,43516,639$1.20M$1.05M$7320.8814478
16123 Sunset BoulevardPacific Palisades200607/23/2026231,38615,805$1.10M$785,000$5660.719371
501 Palisades drivePacific Palisades198709/14/202611593289,873$364,000$364,000$6141.0034067
501 Palisades DrivePacific Palisades198708/13/202611593289,873$299,000$285,000$4810.9525466
Total: 5 · Average1.62.21,107.6194,713.4$696,800$696,800$609.2—192.4
Median1,386$785,000$785,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.