Perfectly situated in the desirable Upper Village / Alphabet Streets of the Pacific Palisades, this large corner lot offers the ideal blend of privacy and convenience. It is tucked just far enough from Sunset Boulevard for peace and quiet, yet only a few blocks from the Caruso Village center and the heart of the Palisades. The land originally had a 4,583 sq ft residence that featured two stories with a guest house, swimming pool, and beautifully landscaped yard and gardens. Buyers have a rare opportunity to take advantage of the fast-track permitting process to add 10% more square footage, or alternatively, build a larger custom home in accordance with the traditional maximum allowed for this generous lot size. The property is zoned R1 and falls outside the jurisdiction of the Coastal Commission. An EPA Phase 1 report has been completed, and the seller has opted into the Army Corps of Engineers Phase 2 debris removal program streamlining the development process even further. Be a part of the rebuilding process and enjoy living in this special community.