Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

501 Palisades Drive 219

Pacific Palisades, CA, 90272

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$295,000

MLS: 26658589

Beds

1

Baths

1

Sq Ft

593

Lot

6.65 ac

Year Built

1987

MLS #

26658589

Days on Market

49

Listed

Mar 3, 2026

Description

Affordable, beautiful condo for SENIORS in Pacific Palisades in wonderful Courtyard Setting located between the Village & the Ocean. UPGRADES: new Walk-In-Shower, fresh paint, carpet FEATURES: single-level, elevator, large walk-in closet, sliding doors to private balcony, tree top views, assigned tandem 2-car parking, peek-a-boo view of Self Realization Center on Sunset. BUYER GUIDELINES are based on age, income, documentation, and Buyer's own financial ability. Conventional loans are not available. BUYER QUESTIONS: Are you 62 years old or older? Is your household gross maximum income $137,121.73 or less? Financing is Buyer's CASH ONLY. Please contact LA 1 if you are within these guidelines.

Location

Pacific Palisades, Los Angeles County, CA 90272

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Listed by: Sanda Alcalay · Rodeo Realty - Pacific Palisades

Payment estimate

$2,349

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $29,500 · Loan: $265,500

%
Principal & Interest
$1,631
Property tax (1.25%)
$307
Homeowners insurance
$300
Mortgage insurance
$111
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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 $10,325 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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