The 19-acre mobile home park with unbeatable sea views on the market for huge 8 figure sum
A 19-acre mobile home park which offered some of the most stunning views of the Santa Monica Bay before it was incinerated last year in the Palisades Fire was quietly listed this week with the owners hoping the property fetches as much as $90 million, Page Six Hollywood has learned.
The Pacific Palisades Bowl Mobile Estate is located just north of Temescal Canyon on the hillside across from Will Rogers State Beach. In the 1950s the property was converted into a mobile home community, and as Westside property values started to soar starting in the early aughts, the Pacific Palisades Bowl and the neighboring Tahitian Terrace mobile home park became some of the last affordable housing options in Pacific Palisades.
Prior to the Palisades Fire, the Bowl had about 350 residents — many of them senior citizens — across 173 homes all of which were destroyed.
Over the last year, residents of the park have been left in limbo as the owners of the Bowl refused to grant them access to their burned out properties while the county and the Army Corps of Engineers were slow to clear the lots of debris. Former owner Eddie Biggs, who bought it in 2005 for $15 million, was a lightning rod for controversy. Landslides damaged three homes in 2005 which prompted residents to sue Biggs for failing to maintain the property. Biggs, who died in 2021, was also found liable in 2018 for lying to residents about his plans to convert the property into a luxury development.
Following Biggs’ death, ownership of the park was divided between his first and second wives. A potential buyer could keep it as a mobile home park but that seems unlikely. Zoning laws might allow for some form of low density housing and a source with knowledge of the seller’s thinking says a developer could build up to 18 high-end homes, (others dispute that).
The source said the sellers are looking for a quick transaction and are expecting somewhere between $70 and $90 million, but are willing to go as low as $55 million. Whoever ends up buying it will have lots of lingering resentment among former residents, to contend with. Many residents were completely wiped out after the fires. Bonnie L. Kanner, who bought her home at the bowl in 2016, has been an organizing force among neighbors and trying to figure out ways to fight back.
“When a disaster wipes out homes, state law should protect residents — not erase their leasehold rights and equity while the land is prepared for sale,” said Kanner in an interview with P6H. CBRE’s Edward Matevosian is overseeing the sale along with Marcus & Millichap.
