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501 Palisades Drive, 207, Pacific Palisades, CA 90272

$398K1bd · 1ba · 593 sqft
Lot 289,873 sqft•HOA $554.26/mo•Condominium•
Active
•117d on market•MLS# 00-26847543

Property Description

Casa Gateway AFFORDABLE CONDOS FOR SENIORS 62+. An extraordinary opportunity to live in an amazing Mediterranean Style Complex at the corner of Sunset Blvd and Palisades Drive across from the Self Realization Lake Shrine, Palisades Highlands shopping center with restaurants, Starbucks and more, close to the Palisades Village, beach, and Pacific Coast Highway. This One Bedroom, One Bathroom condo recently painted includes new carpet, smooth ceilings, double paned sliding glass door and window. The bedroom is generously sized with a spacious, Closet World designed walk-in closet. The kitchen has new quartz countertops and cabinets. Sliding glass door from dining/living room leads to a private balcony overlooking trees and views of Palisades Drive and Sunset Blvd. Large Community laundry room, elevator, inviting common area with tables and sofas. Beautifully maintained grounds that include a covered patio and a picnic area with large picnic tables and benches. Two assigned parking spaces, one is an enclosed garage, and one carport. This condo is in an Adult Community Affordable Complex under the jurisdiction of the LA Housing Department for seniors 62 years or older with a Maximum Allowable Household Gross Income of $110,965.60 Shown by appointment only.

Features & Amenities

FeeBuilt 1987

Property Details

Land Type
Fee
Year Built
1987
Property Type
Residential
Property Subtype
Condominium
Heating
None, Central
Flooring
Carpet, Laminate
City
Pacific Palisades
Zip Code
90272
County
Los Angeles
Listed byUnknown Office, Blanca Chavoya

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,013.11
Principal & Interest
Loan Amount
$318,496
Total Interest
$406,224
Total Payment Over 30 Years
$724,720
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 · 0 closed

501 Palisades Drive, 207, Pacific Palisades, CA 90272

Pacific Palisades · Condominium

$398K
Affordable Tier
Beds
1
Baths
1
Sqft
593
Lot
6.65 ac
Year
1987
$/Sqft
$671
Pool: No✓
Spa: No✓

Comparable sales support the current list price.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $398K· $671/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $699K
−$301K (−43.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $696
−$25 (−3.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
517 Palisades DrivePacific Palisades1987321,018289,873$736$749,0008160
17352 Sunset BoulevardPacific Palisades1963111,055203,956$1,118$1.18M18058
15515 Sunset BoulevardPacific Palisades1975221,1160$624$696,0004750
16601 Marquez AvenuePacific Palisades1965221,08622,499$414$450,00020744
16123 Sunset BoulevardPacific Palisades2006221,18415,805$590$699,000643
Total: 5 · Average2.01.81,091.8133,033.25$696.4$754,800104.2
Median1,086$699,000

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.