501 Palisades Drive, 207, Pacific Palisades, CA 90272
501 Palisades Drive, 207, Pacific Palisades, CA 90272
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
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 4 active · 1 closed
Pacific Palisades · Condominium
Listed 9.4% above the median closed sale of $364,000. Expect a longer timeline — comps averaged 341 days on market.
Price Position
Positioned above the market — commands a premium.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 501 Palisades Drive | Los Angeles | 1987 | 1 | 1 | 593 | 289,873 | $759 | $449,900 | 31 | 97 |
| 501 Palisades Drive | Los Angeles | 1987 | 1 | 1 | 593 | 289,873 | $673 | $399,000 | 74 | 97 |
| 16601 Marquez Avenue | Pacific Palisades | 1965 | 2 | 2 | 1,086 | 22,499 | $414 | $450,000 | 228 | 52 |
| 16601 Marquez Avenue | Pacific Palisades | 1965 | 2 | 2 | 1,175 | 22,499 | $298 | $350,000 | 228 | 48 |
| Total: 4 · Average | 1.5 | 1.5 | 861.75 | 156,186 | $536 | $412,225 | 140.25 | |||
| Median | 1,086 | $449,900 | ||||||||
Closed Properties (1)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 501 Palisades drive | Pacific Palisades | 1987 | 09/14/2026 | 1 | 1 | 593 | 289,873 | $364,000 | $364,000 | $614 | 1.00 | 341 | 97 |
| Total: 1 · Average | 1.0 | 1.0 | 593 | 289,873 | $364,000 | $364,000 | $614 | — | 341 | ||||
| Median | 593 | $364,000 | $364,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.