CBRE and Marcus & Millichap are pleased to present 16321 Pacific Coast Highway, a rare coastal development opportunity in the heart of Pacific Palisades, California. Situated along one of Southern California’s most iconic corridors, this expansive 19.77-acre site (861,181 SF) offers investors and developers the chance to acquire a prime asset in a highly coveted, supply-constrained market. Formerly home to 173 mobile residences, the Property was impacted by the Palisades Fire, creating a blank canvas for redevelopment. With favorable RE40 zoning and exceptional visibility along Pacific Coast Highway, the site is ideally positioned for a transformative residential or mixed-use project. The scale and location of the Property make it especially attractive to institutional investors, residential developers, and private family offices seeking long-term strategic investments. Located in one of Los Angeles’ most prestigious coastal neighborhoods, the Property offers direct access to beaches, hiking trails, and scenic vistas. Its prominent frontage along Pacific Coast Highway ensures excellent accessibility and visibility, enhancing its appeal for future development. This generational offering represents a compelling opportunity to create a landmark coastal project that reflects the character and prestige of Pacific Palisades. CBRE and Marcus & Millichap are proud to present 16321 Pacific Coast Highway—a rare blend of location, scale, and potential.