Pacific Palisades Parcel Draws $11.7M Permit, 102 Days Later

A commercial parcel in Pacific Palisades changed hands for a transfer-tax-implied $7.6 million in late June. A hundred and two days later, the Los Angeles Department of Building and Safety logged a permit for a 5-story mixed-use building on the same lot, declaring $11.7 million in construction value, more than the implied land price itself.

The deed recorded June 26 on AIN 4412-003-006, 15300 Antioch St., carries a Documentary Transfer Tax implying the $7.6 million price; the county classifies the transfer as a typical, arm’s length change in ownership. Neither the recorded deed nor the submitted permit names a buyer or developer.

Why it matters

For builders tracking the Palisades Business Triangle, this is a clean read of how fast a commercial parcel can move from sale to a submitted ground-up filing: 102 days. The permit lists a 5-story building with 24,080 square feet of commercial floor area and 6 dwelling units, filed under the city’s 10% SB 330 zoning-review track, which trades a density or development-standard incentive for setting aside a share of units. The parcel is zoned LAC2 and currently carries an 8,472-square-foot commercial building on a 16,074-square-foot lot, per the Assessor.

The numbers

The DTT-implied land price is $7.6 million. The submitted permit declares $11.725 million in construction value, 1.5 times the land price before any soft costs. Filed 102 days after the deed recorded, the permit, 26010-10000-05037, carries a status of submitted, not yet issued, and sits with LADBS for plan check. More on the parcel is on our Los Angeles market page.

What’s next

The permit still has to clear plan check before it is issued, and LADBS records show no construction activity yet. We will track the filing for issuance and watch the county roll for a reassessment that would surface the June buyer’s name.