News
May 21, 2025

'People are really torn': Pacific Palisades property owners reckon with rebuilding realities

Schulman — who listed the first lot post-fire — sold the 10,000-square-foot parcel of scorched land where a 2,500-square-foot ranch home once 

'People are really torn': Pacific Palisades property owners reckon with rebuilding realities

Schulman — who listed the first lot post-fire — sold the 10,000-square-foot parcel of scorched land where a 2,500-square-foot ranch home once stood for $1.2 million to a developer. Pre-fire, it might have fetched at least twice that. The median sale price for the neighborhood came in about $4.3 million before the onset of the fires on Jan 7.

“It took us about a month and a half to sell it, which is pretty quick for land,” Schulman said.

Richard Schulman

Richard Schulman

Founder / Rainmaker

Richard is one of Keller Williams’ top producing real estate agents. He has been involved in the sale of over 2,000 homes valued at more than $1,400,000,000, he heads one of the top Keller Williams teams Worldwide, and he consistently ranks in the top 0.1% of all Realtors nationwide. As a native of Los Angeles, he is intimately familiar with the different neighborhoods and environs, and he expertly advises his clients of the right match for them.