Exceptional development and investment opportunity in Pacific Palisades. The property offers the potential to build up to approximately 4,082.5 SF (buyer to independently verify). Previously approved plans (dated 04/04/2022) include a beautifully designed 4,022 SF two-story residence featuring 5 bedrooms, 4.5 bathrooms, a den, an expansive primary suite, and generous living and entertaining spaces. A nearby 5,300 SF residence sold for $8,000,000 in 2023, demonstrating the strong value potential within the neighborhood.The thoughtfully designed second floor captures ocean views from the primary suite and elevated deck, creating an ideal coastal living experience. Plans for the elevated deck and pool have been fully paid and are ready to proceed, offering significant value and time savings to the next owner. The permit for the proposed residence may have expired. Buyers are advised to independently investigate and verify all permits, approvals, development potential, square footage, and requirements with LADBS and other applicable agencies.