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business1d ago
Pacific Palisades Bowl Mobile Estate on the market after fire destroyed most of the homes on land
- The Pacific Palisades Bowl Mobile Estate is listed for sale at an asking range of $70 to $90 million after the fire destroyed most homes.
- The 19-acre park offered sea views and was one of the last affordable housing options before the Palisades Fire.
- Ownership reportedly split between the late Eddie Biggs’s two wives after his death, affecting sale dynamics.
- CBRE and Marcus & Millichap are overseeing the sale process for the property.
- The Palisades Fire last year destroyed most homes at the Bowl, leaving residents in limbo.
- Some zoning could allow for low-density housing or up to 18 high-end homes on the site, per sources familiar with the seller’s thinking.
- Residents faced restricted access to their properties while debris was cleared after the fire.
- Some residents and former owner faced legal and governance controversies tied to the property’s use and plans.
- The listing notes the potential for redevelopment despite uncertain demand post-fire.
- The property is located north of Temescal Canyon across from Will Rogers State Beach.
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