Los Angeles County  »  881 Alma Real Dr

Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272 Property Information

Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272
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Address

Primary address 881 Alma Real Drive, Pacific Palisades
Alternate address(es) 875 N Alma Real Dr
881 N Alma Real Dr
Zip code 90272
County Los Angeles
Municipality Los Angeles
Neighborhood Pacific Palisades

Sales & Tax Overview for 881 Alma Real Drive, Pacific Palisades

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 07/22/2024
Sale price $1,785,000
Arm's length
Current property tax $189,150

Lot & Building Information for 881 Alma Real Drive, Pacific Palisades

Building sqft 89,671
Building class Office Building - 2 to 5 Stories (1703)
Acreage 1.34
Year built 1980
Year last altered 1984
Stories 2
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Los Angeles Unified School District

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Other Property Data for 881 Alma Real Drive, Pacific Palisades

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  • • Improvements for 881 Alma Real Drive, Pacific Palisades , including their type, square footage, grade and when they were built.
  • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 881 Alma Real Drive, Pacific Palisades

How many sq. ft. does Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272 have & what is the price per sq. ft?

This Office Building - 2 to 5 Stories (1703) located at Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272 has a total of 89,671 square feet and a current price per square foot of $19.

What is the year built & the current market value of Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272?

Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272 was built in 1980 and has a current tax assessor's market value of $14,804,702.

Ownership Information

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Spaces for Lease in 881 Alma Real Drive, Pacific Palisades

No photo available
Palisades Village Center
Listing type For Lease
Listing date 12/07/2016
Last updated 04/29/2026
Lot size 1.34 Acre

Prime Location in Pacific Palisades Creative Office Plug & Play Sub-Lease Opportunity

View Listing

Brokers

Gilbert Salazar
Spaces
Suite name Space type Lease rate Available space Brokers
#A Creative Office Listing price not available 2,500 Alex Shabani
#B Creative Office Listing price not available 5,000 Alex Shabani
#C Creative Office Listing price not available 7,708 Alex Shabani
Active Listings For This Property:
For Lease No photo available
Palisades Village Center
881 Alma Real Drive, Pacific Palisades
Property General Office
Availability 3 Spaces listed / 15208 Sqft
Price Listing price not available
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Past Sales & Property History for 881 Alma Real Drive, Pacific Palisades

Create a free account to view the complete sales history for 881 Alma Real Drive, Pacific Palisades, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
07/22/2024 $1,785,000
12/19/2007 $6,750,000
10/23/2000 $14,400,144
       
       
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*Here are the three most recent sales for this property.


Title Documents for 881 Alma Real Drive, Pacific Palisades

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
07/29/2025 Release
07/23/2025 Release
04/18/2025 Mechanics Lien
07/22/2024 Grant Deed
(Sale for consideration - full DTT)
06/09/2023 Mechanics Lien
11/27/2018 Request Notice Default
06/29/2018 Termination Financing Statement
06/12/2018 Assignment of Rents
06/12/2018 Assignment of Rents
Financing Statement
Trust Deed
07/27/2017 Continuation Financing Statement
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R: Recorded date
D: Document date

Property Taxes for 881 Alma Real Drive, Pacific Palisades

Access detailed property tax data for Palisades Village Center - Palisades Village Center - 881 Alma Real Drive, Pacific Palisades, CA 90272. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $175,791
Current property tax $189,150
Market value $14,804,702

Special Assessments And Penalties for 881 Alma Real Drive, Pacific Palisades

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
18978 Los Angeles City - Pacific Pali Bid
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control
18850 Los Angeles Landscape & Lighting Dist #96-1
18869 Los Angeles-Stormwater Pollution Abatement

Assessment History for 881 Alma Real Drive, Pacific Palisades

Here's the assessment & property tax history for 881 Alma Real Drive, Pacific Palisades, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $14,804,702 1.1874 $175,791 -71.83%
2024-2025 $52,015,461 1.1997 $624,029 +2.03%
2023-2024 $50,995,551 1.1994 $611,641 +4.97%
2022-2023 $49,995,639 1.1655 $582,699 +1.16%
2021-2022 $49,015,334 1.1752 $576,028 -1.06%

Permits for 881 Alma Real Drive, Pacific Palisades

The complete history of permits filed for 881 Alma Real Drive, Pacific Palisades, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
04/26/2024
02/01/2023
04/15/2022
04/15/2022
04/07/2022
04/07/2022
04/07/2022
03/05/2021
02/01/2021
09/08/2020
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Los Angeles residential market stats

Median Sale Price
$1,000,000
1% YoY
Median Price/Sqft
$663
1.5% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

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Demographics by Zip Code

Total population 21,390
Median age 48.3
Average household income $357,664
Family households 69.4%
Occupied housing units 8,357
Owner occupied units 79.9%
Average number of people per household 2.55
Median year structure built 1967
Median value for units with a mortgage $2,000,001
Median value for units without a mortgage $2,000,001

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map
Seismic gas shut off valve installed
Earthquake-induced liquefaction area

Transportation

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Neighbors for 881 Alma Real Drive, Pacific Palisades

Here are the neighbors for Palisades Village Center - 881 Alma Real Drive, Pacific Palisades.

Address Square feet Purchase date Purchase price
739 Patterson Pl, Pacific Palisades 3,875 05/27/2016 $3,050,000
760 Swarthmore Ave, Pacific Palisades 1,864 05/25/2021
780 Swarthmore Ave, Pacific Palisades 22,830 06/16/1993
736 Swarthmore Ave, Pacific Palisades 3,648 04/09/2024 $4,360,000
726 Swarthmore Ave, Pacific Palisades 3,190 08/24/2005
764 Patterson Pl, Pacific Palisades 7,051 06/15/2018
15236 LA Cruz Dr, Pacific Palisades 13,171 01/30/2004 $5,500,055
740 Swarthmore Ave, Pacific Palisades 4,139 02/23/2009
748 Patterson Pl, Pacific Palisades 4,784 05/30/2025 $3,500,000
730 Swarthmore Ave, Pacific Palisades 1,564 10/10/2025 $1,250,000
732 Hampden Pl, Pacific Palisades 3,395 01/16/2014 $3,775,000
742 Patterson Pl, Pacific Palisades 4,998 02/02/2026 $2,855,000
712 Swarthmore Ave, Pacific Palisades 1,702 12/26/2025
716 Via de la Paz, Pacific Palisades 4,397 04/22/2026
747 Patterson Pl, Pacific Palisades 4,437 07/21/2021 $5,380,000
763 Patterson Pl, Pacific Palisades 4,284 03/07/2022
722 Via de la Paz, Pacific Palisades 4,483 05/29/2015 $3,100,000
732 Patterson Pl, Pacific Palisades 3,584 06/07/2021
716 Swarthmore Ave, Pacific Palisades 2,266 03/15/2019
15240 LA Cruz Dr, Pacific Palisades 7,193 01/25/2021

Nearby ZIP Codes for 881 Alma Real Drive, Pacific Palisades

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