NOT LISTED FOR SALE

1085 Palisair Place Pacific Palisades, CA 90272

Estimated Value: $2,499,000 - $3,363,371

4 Beds
2.5 Baths
2,504 Sq Ft
$1,126/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $2,450,000 $978 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $18,655/month

199 Days on Market

Highlights

  • Ocean View
  • Room in yard for a pool
  • Walk-In Closet
  • Midcentury Modern Architecture
  • Covered patio or porch
  • Dining Room

About This Home

As of March 2021

A special opportunity in the coveted Palisair ocean view community of Pacific Palisades. The site is next to beautiful hiking trails plus the Palisades Village, schools, boutique shopping, restaurants, beach, ocean-view bluffs and bike path. This rare 10,178 square foot lot offers expansive ocean views from the front plus social distance through its semi-private driveway and adjacent open space. The sale includes almost RTI (ready to issue) plans to take over and complete a current home renovation without the need for additional City or local approvals. Buyer may choose to 1) expand the existing home by finalizing the current plans (2,504 SF 4-bedrooms, 4-bathrooms); 2) finish-up the existing home for immediate occupancy (2,145 SF 3-bedrooms, 3-bathrooms); or design a ground up new custom home on this irreplaceable bedrock bluff. The current condition of the home includes all plumbing and electrical installed. Creative financing available including a Seller carry back!

Last Agent to Sell the Property

David Kelmenson

Compass License #01435306 Listed on: 06/05/2020

Compass

Last Buyer's Agent

David Yun

Compass License #01965361

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,220

Lot Details

  • 10,237 Sq Ft Lot
  • South Facing Home
  • Property is zoned LARE15

HOA Fees

  • $24 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Mountain

Home Design

  • Home Under Construction
  • Midcentury Modern Architecture
  • Slab Foundation

Interior Spaces

  • 2,504 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Concrete Flooring
  • Laundry in Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Room in yard for a pool
  • Covered patio or porch

Utilities

  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4420-006-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,220

Lot Details

0

HOA Fees

$24 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Call/text: 310-863-3030 | Email: David@DavidKelmenson.com | www.DavidKelmenson.com
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 2504
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Under Construction
  • Stories: 1
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Dining Area
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Fireplace: Yes
  • Price Per S Q F T: 1076.28

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Patio: Patio Open
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Water, Coastline, City Lights, Mountains, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage Is Attached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 283.00
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4420-006-015
  • Geocode Override: No
  • Lot Size Area: 10237

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Mar 5, 2021
Sold by
Orosco Philip J and Orosco Rachel L
Bought by
Hardcastle Ian
Seller's Agent
David Kelmenson
Compass
Buyer's Agent
David Yun
Compass
List Price
$2,895,000
Sold Price
$2,450,000
Premium/Discount to List
-$445,000
-15.37%
Current Estimated Value
$2,818,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,790
Avg. Annual Appreciation
7.80%
Original Mortgage
$2,412,451
Outstanding Balance
$2,196,716
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,197,238

Purchase Details

Closed on
Nov 16, 2018
Sold by
Orosco Philip Justin and Orosco Rachel Lelvas
Bought by
Orosco Philip Justin and Orosco Rachel L

Purchase Details

Listed on
Mar 7, 2014
Closed on
Jul 7, 2014
Sold by
Reese Donna and Donna Reese Separate Property
Bought by
Orosco Phillip Justin and Orosco Rachel Leivas
Seller's Agent
Karen June Bredice
Solstice International Realty
Buyer's Agent
Karen June Bredice
Solstice International Realty
List Price
$2,095,000
Sold Price
$1,982,000
Premium/Discount to List
-$113,000
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$1,400,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2005
Sold by
Baumblatt Joel L and Reese Donna
Bought by
Baumblatt Joel and Reese Donna

Purchase Details

Closed on
Aug 17, 2004
Sold by
U S Bank Na
Bought by
Baumblatt Joel L and Reese Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1994
Sold by
Park Bernice W and Sanwa Bank California
Bought by
Park Bernice W and Santa Monica Bank

Purchase Details

Closed on
Oct 14, 1993
Sold by
Park Bernice W
Bought by
Park Bernice W and Sanwa Bank California
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hardcastle Ian $2,450,000 Lawyers Title Company
Orosco Philip Justin -- None Available
Orosco Phillip Justin $1,982,000 None Available
Baumblatt Joel -- --
Reese Donna -- --
Baumblatt Joel L -- Equity Title
Park Bernice W -- --
Park Bernice W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardcastle Ian Thomas $202,600
Open Hardcastle Ian $600,000
Open Hardcastle Ian $2,412,451
Previous Owner Orosco Philip Justin $1,400,000
Previous Owner Orosco Phillip Justin $1,400,000
Previous Owner Baumblatt Joel L $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $2,450,000 -9.1% $978 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
08/12/2020 08/12/20 Price Changed $2,695,000 -6.9% $1,076 / Sq Ft
06/23/2020 06/23/20 For Sale $2,895,000 +18.2% $1,156 / Sq Ft
06/16/2020 06/16/20 Off Market $2,450,000 -- --
06/05/2020 06/05/20 For Sale $2,895,000 +46.1% $1,156 / Sq Ft
07/11/2014 07/11/14 Sold $1,982,000 -5.4% $1,122 / Sq Ft
03/07/2014 03/07/14 For Sale $2,095,000 -- $1,186 / 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
2024 $36,220 $2,983,469 $2,079,967 $903,502
2023 $30,957 $2,548,980 $2,039,184 $509,796
2022 $29,509 $2,499,000 $1,999,200 $499,800
2021 $26,229 $2,200,657 $1,760,528 $440,129
2020 $26,504 $2,178,093 $1,742,476 $435,617
2019 $25,440 $2,135,386 $1,708,310 $427,076
2018 $25,297 $2,093,516 $1,674,814 $418,702
2016 $24,214 $2,012,225 $1,609,780 $402,445
2015 $23,857 $1,982,000 $1,585,600 $396,400
2014 -- $1,608,979 $1,287,184 $321,795
Source: Public Records

Agents Affiliated with this Home

  • David Kelmenson

    Seller's Agent in 2021

    David Kelmenson

    Compass

    (310) 863-3030

    28 in this area

    58 Total Sales

    David Kelmenson
    Section Image

  • D

    Buyer's Agent in 2021

    David Yun

    Compass

    Section Image

  • K

    Seller's Agent in 2014

    Karen June Bredice

    Solstice International Realty

    (310) 849-3515

    4 Total Sales

    Karen June Bredice
    Section Image
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Map

Source: The MLS

MLS Number: 20-545206

The MLS

APN: 4420-006-015

California Los Angeles County Pacific Palisades 90272

1085 Palisair Place, Pacific Palisades, CA

This home is located at 1085 Palisair Place, Pacific Palisades, CA 90272 since 05 June 2020 and is currently estimated at $2,818,790, approximately $1,125 per square foot. 1085 Palisair Place is a home located in Los Angeles County with nearby schools including Palisades Charter Elementary, Marquez Charter School, and Paul Revere Charter Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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