The lot includes about 115 feet of street frontage and faces south, a characteristic often sought for increased sunlight exposure and ocean views.
A vacant residential lot with panoramic coastal views has been listed for $4.5 million in Pacific Palisades, offering potential for a large new home or multi-property development.
The property, located at 1314 Goucher St., spans about 0.42 acres, or roughly 18,300 square feet, and features 180-degree views of the ocean, coastline and surrounding city, according to the listing.
Real estate materials indicate the site previously held a home of more than 5,800 square feet and may qualify for Los Angeles’ expedited “like-for-like” rebuild program. That program allows for faster permitting and could enable construction of a residence up to approximately 6,400 square feet.
The lot includes about 115 feet of street frontage and faces south, a characteristic often sought for increased sunlight exposure and ocean views.
The listing also notes the possibility of purchasing an adjacent parcel from the same owner, which could expand the combined property to more than 27,000 square feet. Such a configuration could allow for multiple homes or a larger estate-style development, depending on approvals.
