Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1214 Rimmer Avenue Pacific Palisades, CA 90272

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,295,000

    Land available in Pacific Palisades, Los Angeles County.

    Type:Land
    Added:
    Mar 18, 2026
    Days on Market:
    32
    Last Refresh:
    Mar 19 at 12:41 am

    Property Features for 1214 Rimmer Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Justin Alexander

    Listing agent Justin Alexander License #01733939

    Listing office The Agency

    Listing date Mar 18, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Agency

    Overview

    Land for Sale

    This land is located at 1214 Rimmer Avenue in Pacific Palisades, Los Angeles County. The property can be accessed via De La Paz to Bestor Boulevard to Rimmer Avenue.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pacific Palisades
    County
    Los Angeles
    State
    California
    Longitude
    -118.52702
    Latitude
    34.05172

    Nearby Similar for Sale

    • $750,000

      Land in Pacific Palisades, CA

      Rare opportunity to build a modern townhome in Pacific Palisades.
      689 Bienveneda Ave, Pacific Palisades, CA 90272
      View Details
    • $950,000

      Pacific Palisades Land Opportunity

      Affordable lot to build a custom coastal home.
      575 N Marquette St, Pacific Palisades, CA 90272
      View Details
    • $2,995,000

      Pacific Palisades Land Opportunity

      Rare 14,094 SF lot in desirable coastal setting.
      1022 Maroney Ln, Pacific Palisades, CA 90272
      View Details
    • $3,895,000

      Pacific Palisades Vacant Land Parcel

      20,000 sqft vacant land with potential ocean views.
      1018 Maroney Ln, Pacific Palisades, CA 90272
      View Details
    • $1,950,000

      Prime Land in Pacific Palisades

      Exceptional opportunity to build your dream home in coveted location.
      1025 Las Pulgas Rd, Pacific Palisades, CA 90272
      View Details
    • $7,300,000

      Large Corner Lot in Palisades

      Rare 24,630 sq ft lot in Huntington Palisades.
      14800 Pampas Ricas Blvd, Pacific Palisades, CA 90272
      View Details
    • $2,450,000

      Pacific Palisades Vacant Land Opportunity

      Vacant land in Will Rogers Estates, Pacific Palisades.
      1141 Villa View Dr, Pacific Palisades, CA 90272
      View Details
    • $3,488,000

      Flat Lot in Pacific Palisades

      Large, flat corner lot in desirable Pacific Palisades neighborhood.
      1180 Fiske St, Pacific Palisades, CA 90272
      View Details
    • $4,975,000

      Ocean View Riviera Land

      Bank-owned land in Pacific Palisades with ocean views.
      1545 Umeo Rd, Pacific Palisades, CA 90272
      View Details
    • $3,295,000

      Ocean View Land in Palisades

      Rare corner lot with ocean views in Pacific Palisades.
      1214 Rimmer Ave, Pacific Palisades, CA 90272
      View Details
    • $3,290,000

      Ocean-View Lot in Pacific Palisades

      Prime 7,505 sq ft lot near Via Bluffs.
      319 Via De La Paz, Pacific Palisades, CA 90272
      View Details
    • $2,499,000

      Pacific Palisades Ocean View Land

      Rare lot with unobstructed ocean views in Pacific Palisades.
      1120 Cumbre Alta Ct, Pacific Palisades, CA 90272
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Pacific Palisades, Los Angeles County.
    Where is this land located?
    The property is located at 1214 Rimmer Avenue Pacific Palisades, CA.
    What is the asking price?
    The asking price for this property is $3,295,000.
    What are key features of this property?
    This property features: Panoramic views encompassing the ocean, city lights, canyon, and hills; Los Angeles County location; Water view
    (970) 710-1665
    We can help!
    Listing Contact
    Justin Alexander
    Real Estate License ID: 01733939
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!