Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractCondominium

501 501 Palisades drive

Pacific Palisades, CA, 90272

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$364,000

MLS: SR25235767

Beds

1

Baths

1

Sq Ft

593

Lot

6.65 ac

Year Built

1987

MLS #

SR25235767

Days on Market

159

Listed

Oct 8, 2025

Description

Casa Gateway HOA. Low Income senior complex, third floor unit court yard and mountain view. One bed, one bath, with walk in closet. Community Laundry, beautiful common area restricted to residences. Two tandem parking. This property is subject to LA Housing Department jurisdiction, maximum allowable income 124,816.83, Senior community 62 years or older. Unit is original, used not abused-good condition. May consider seller financing.

Location

Pacific Palisades, Los Angeles County, CA 90272

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Listed by: David Nunn · Keller Williams Encino/Sherman Oaks

Payment estimate

$2,828

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $36,400 · Loan: $327,600

%
Principal & Interest
$2,013
Property tax (1.25%)
$379
Homeowners insurance
$300
Mortgage insurance
$137
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Pacific Palisades home with as little as 3.5% down using an FHA loan — roughly $12,740 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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