501 Palisades Drive 205
Pacific Palisades, CA, 90272
$360,000
MLS: 26634207
Beds
1
Baths
1
Sq Ft
593
Lot
6.65 ac
Year Built
1987
MLS #
26634207
Days on Market
95
Listed
Jan 12, 2026
Description
Casa Gateway presents a rare opportunity to own in a Mediterranean-style senior community ideally located at the corner of Sunset Boulevard and Palisades Drive, directly across from the serene Self-Realization Fellowship Lake Shrine. Surrounded by greenery and moments from Palisades Highlands shopping, Palisades Village, the beach, and Pacific Coast Highway, the setting offers both convenience and tranquility. This 1-bedroom, 1-bath residence features a bright, open layout with soft natural light, fresh finishes, and a functional floor plan. The living and dining areas flow seamlessly, complemented by a pass-through kitchen with ample storage and included appliances. The bedroom is generously sized and includes a large walk-in closet, while the bathroom is clean and well maintained. Additional highlights include two assigned parking spaces, community laundry, and secured access throughout the complex. The beautifully maintained grounds and controlled entry provide a peaceful and welcoming environment. Casa Gateway is an age-restricted affordable housing community regulated by the Los Angeles Housing Department (LAHD). Buyer must be 62 years of age or older and meet LAHD eligibility requirements. Sale is subject to LAHD approval.
Location
Pacific Palisades, Los Angeles County, CA 90272
Open on Google Maps ↗Listed by: Josh Flynn · Pardee Properties
Payment estimate
$2,801
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $36,000 · Loan: $324,000
- Principal & Interest
- $1,991
- Property tax (1.25%)
- $375
- Homeowners insurance
- $300
- Mortgage insurance
- $135
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 $12,600 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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