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California  + Los Angeles  + Apartments  | 

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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Inside The Story

KW Commercial's Soroudi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
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