HUGE PRICE REDUCTION! MOTIVATED SELLER. Bring all offers. **Subject to Short Sale Lender Approval - Tucked away on a private cul-de-sac just ½ a mile from the Village and directly across from scenic Rustic Canyon, this cleared 7,006 sq. ft. lot offers an exceptional opportunity to rebuild and be a part of the Palisades Revival. One of only 5 lots on a private road set against a hillside, this property provides for a unique setting with neighbors only to the right and left. Phase I and Phase II have been completed with full clearance, streamlining the path to development. The original residence was a 4-bedroom, 3-bath, 2,163 sq. ft. home featuring a backyard stairway with direct access to the charming Alphabet Streets neighborhood. Build up to 10% larger for a 30-day expedited process for permitting per the city (buyer to verify). Ideally located adjacent to the Palisades Village, Will Rogers State Park, and the beaches of Will Rogers and Temescal, this is a rare chance to invest in the continued transformation of Pacific Palisades. Subject to short sale approval.