NOT LISTED FOR SALE

1040 Lachman Ln Pacific Palisades, CA 90272

Estimated Value: $3,008,000 - $4,273,442

4 Beds
3 Baths
2,475 Sq Ft
$1,436/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $3,650,000 $1,475 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $24,283/month

9 Days on Market

Highlights

  • Ocean View
  • Midcentury Modern Architecture
  • Wood Flooring
  • 0.48 Acre Lot
  • Living Room with Fireplace
  • No HOA

About This Home

As of October 2020

This stunning Upper Lachman home in friendly Marquez Knolls is perched on a coveted street-to-street expansive 21,000-sq-ft lot with no immediate neighborsand it lives like a private resort. 180-degree views stretch to Catalina Island by day, a sea of LA lights sparkles below at night, with a whopping 10+ July 4th firework displays visible from the property. The homes mid-century characteristics pair perfectly with updated contemporary touches, including Fleetwood glass doors that pocket away for seamless indoor/outdoor flow to a verdant yard, Ann Sacks tile, and a true professional chefs kitchen with a custom restaurant-grade hood, Sub-Zero/WOLF appliances, dual dishwashers, Ceasarstone counters and a 144-bottle wine fridge. The spacious bedrooms are spa-like retreats, with a steam/rain shower and luxe tub in the master. Amazing opportunity to own a property more than double the usual lot size with potential to add more sq. footage and pool. (See remarks for expansion plans)

Last Agent to Sell the Property

N. Lili Geller

Compass License #01938836 Listed on: 09/03/2020

Compass

Last Buyer's Agent

Nanette S Iggulden

Coldwell Banker Realty License #01363249

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,158

Year Built

  • Built in 1959

Lot Details

  • 0.48 Acre Lot
  • Property is zoned LAR1

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Canyon

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Alarm System
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4420-022-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,158

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Lot Acreage: 0.4792
  • Stories: 1
  • Year Built: 1959
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Carpet, Stone Tile
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Coastline, City Lights, Ocean, Canyon
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4420-022-022
  • Lot Size Area: 20875

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Sep 16, 2020
Sold by
Moore Donald Campbell and Moore Michelle Elaina
Bought by
Fathi Behrang and Trentacosta Natasha
Seller's Agent
N. Lili Geller
Compass
Buyer's Agent
Nanette S Iggulden
Coldwell Banker Realty
List Price
$3,695,000
Sold Price
$3,650,000
Premium/Discount to List
-$45,000
-1.22%
Current Estimated Value
$3,735,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,481
Avg. Annual Appreciation
-0.55%
Original Mortgage
$2,500,000
Outstanding Balance
$2,228,637
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,325,178

Purchase Details

Listed on
Jun 20, 2013
Closed on
Jul 22, 2013
Sold by
Rosenfeld Kenneth E and Tramonte Rachel M
Bought by
Moore Donald Campbell and Moore Michelle Elaina
Seller's Agent
Jack Graniti
Pacifica West Properties
Buyer's Agent
Mike Schwartz
Coldwell Banker Realty
List Price
$1,849,000
Sold Price
$1,849,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$184,900
Interest Rate
4.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 18, 2011
Sold by
Shamonki Issa M and Shamonki Cosette L
Bought by
Rosenfeld Kenneth E and Tramonte Rachel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2000
Sold by
Shamonki Issa and Shamonki Cosette
Bought by
Shamonki Issa M and Shamonki Cosette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
8.18%

Purchase Details

Closed on
Jun 4, 1998
Sold by
Shamonki Issa M and Shamonki Cosette L
Bought by
Shamonki Issa M and Shamonki Cosette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,000
Interest Rate
3.95%

Purchase Details

Closed on
Apr 17, 1998
Sold by
Greene Betty M and Betty Muriel Greene Revocable
Bought by
Shamonki Issa M and Shamonki Cosette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,000
Interest Rate
3.95%

Purchase Details

Closed on
Aug 26, 1996
Sold by
Greene Betty Muriel
Bought by
Greene Betty Muriel and Betty Muriel Greene Revocable

Purchase Details

Closed on
Sep 27, 1993
Sold by
Greene Betty Muriel and The Betty Muriel Greene Trust
Bought by
Greene Betty Muriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.94%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fathi Behrang $3,650,000 Fidelity National Title
Moore Donald Campbell $1,849,000 Equity Title Los Angeles
Rosenfeld Kenneth E $1,540,000 Chicago Title Company
Shamonki Issa M -- American Coast Title Co Inc
Shamonki Issa M -- American Coast Title Co Inc
Shamonki Issa M -- Equity Title
Shamonki Issa M $414,500 Equity Title
Shamonki Issa M $414,500 Equity Title
Greene Betty Muriel -- --
Greene Betty Muriel -- --
Greene Betty Muriel -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fathi Behrang $2,500,000
Previous Owner Moore Donald Campbell $400,000
Previous Owner Moore Donald Campbell $1,823,000
Previous Owner Moore Donald Campbell $1,852,500
Previous Owner Moore Donald Campbell $184,900
Previous Owner Moore Donald Campbell $1,294,300
Previous Owner Rosenfeld Kenneth E $625,500
Previous Owner Rosenfeld Kenneth E $729,750
Previous Owner Shamonki Issa M $1,035,000
Previous Owner Shamonki Issa M $1,000,000
Previous Owner Shamonki Issa M $892,000
Previous Owner Shamonki Issa M $840,000
Previous Owner Shamonki Issa M $840,500
Previous Owner Shamonki Issa M $836,500
Previous Owner Shamonki Issa M $787,500
Previous Owner Shamonki Issa M $663,000
Previous Owner Greene Betty Muriel $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $3,650,000 -1.2% $1,475 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $3,695,000 +99.8% $1,493 / Sq Ft
08/31/2013 08/31/13 Sold $1,849,000 0.0% $747 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $1,849,000 -- $747 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,158 $3,706,348 $2,050,180 $1,656,168
2024 $47,158 $3,873,407 $2,233,311 $1,640,096
2023 $46,239 $3,797,459 $2,189,521 $1,607,938
2022 $44,083 $3,723,000 $2,146,590 $1,576,410
2021 $43,564 $3,650,000 $2,104,500 $1,545,500
2019 $24,526 $2,031,893 $1,625,516 $406,377
2018 $24,383 $1,992,053 $1,593,644 $398,409
2016 $23,341 $1,914,702 $1,531,762 $382,940
2015 $23,001 $1,885,942 $1,508,754 $377,188
2014 $23,074 $1,849,000 $1,479,200 $369,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-627838

The MLS

APN: 4420-022-022