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PriceChopper: Pacific Palisades Mid-Century Dropping Fast

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Someone wants to sell: This four-bedroom, four-bath mid-century on Sorrento Drive hit the market on January 21st for $3.195 million, but has already dropped to $2.795 million. As we reported back in January, the 1960s home, known as the Branch Residence, was designed by the Melville C. Branch, who has been called "one of the patriarchs of city planning" in LA. More via the listing: "Custom built Mid-Century home w/ ocean views. First time on market. Unbelievable opportunity to own this great single story property. Fabulous Riviera location, North of Sunset. Spacious home w/ well designed floorplan, pool, and unlimited potential. Trust Sale."
· New To Market: Pacific Palisades Branch House [Curbed LA]
· 1505 Sorrento Dr Pacific Palisades, CA 90272 [Redfin]