NOT LISTED FOR SALE

1202 Rimmer Ave Pacific Palisades, CA 90272

Estimated Value: $5,118,000 - $7,858,932

6 Beds
7 Baths
6,577 Sq Ft
$944/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $6,920,000 $1,052 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $40,431/month

4 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Traditional Architecture
  • Wine Room
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of June 2021

Located in the heart of Pacific Palisades, this stunning traditional-style home has incredible ocean views and sits right above the Palisades Village, just blocks from the best shopping, dinning and entertainment the city has to offer. This meticulously well-kept custom home has beautiful designer fixtures and details throughout, offering six large bedrooms and seven bathrooms. With impressive volume and double height ceilings the main floor features a formal living room, family room that opens to the chefs kitchen with high-end Miele appliances, dinning room, office and a second master guest suite. The open floor plan leads directly to the expansive, beautiful backyard, great for entertaining with pool and spa. Upstairs features five bedrooms including the master retreat where you can enjoy incredible Catalina Island views from your bed and private balcony. On the lower level, you will find a spacious entertainment room and a controlled temperature wine cellar. A 3-car garage with Blink system charger, intercom system, three wood burning fireplaces and Sonos system complete this offering. This is truly a special property.

Last Agent to Sell the Property

Santiago Arana

The Agency License #01492489 Listed on: 04/16/2021

The Agency

Last Buyer's Agent

Sam Plouchart

Sotheby's International Realty License #01921196

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,652

Year Built

  • Built in 1949

Lot Details

  • 9,599 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 3 Car Garage
  • Driveway

Property Views

  • Ocean
  • Catalina
  • City Lights
  • Trees

Home Design

  • Traditional Architecture

Interior Spaces

  • 6,577 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Formal Entry
  • Wine Room
  • Wine Cellar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Alarm System
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 4422-020-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,652

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Advertising Remarks: Located in the heart of Pacific Palisades, this stunning traditional-style home has incredible ocean views and sits right above the Palisades Village, just blocks from the best shopping, dinning and entertainment the city has to offer. This meticulously well-kept custom home has beautiful designer fixtures and details throughout, offering six large bedrooms and seven bathrooms. With impressive volume and double height ceilings the main floor features a formal living room, family room that opens to the chefs kitchen with high-end Miele appliances, dinning room, office and a second master guest suite. The open floor plan leads directly to the expansive, beautiful backyard, great for entertaining with pool and spa. Upstairs features five bedrooms including the master retreat where you can enjoy incredible Catalina Island views from your bed and private balcony.
  • Living Area: 6577
  • Lot Acreage: 0.2204
  • Stories: 3
  • Year Built: 1949
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Wood Burning, Living Room, Family Room, Patio
  • Flooring: Hardwood, Carpet, Mixed
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 3
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Den: 1
  • Equipment: Alarm System, Bar Ice Maker, Barbeque, Built-Ins, Dishwasher, Dryer, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1056.71

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: Private, In Ground
  • Spa Yn: Yes
  • View: City Lights, City, Catalina, Ocean, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Driveway, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4422-020-007
  • Lot Size Area: 9599

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 24, 2021
Sold by
Leshgold Family Trust and Leshgold Wendy
Bought by
Geller Jonathan and Geller Marissa
Seller's Agent
Santiago Arana
The Agency
Buyer's Agent
Sam Plouchart
Sotheby's International Realty
List Price
$6,950,000
Sold Price
$6,920,000
Premium/Discount to List
-$30,000
-0.43%
Current Estimated Value
$6,207,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$712,023
Avg. Annual Appreciation
-2.47%
Original Mortgage
$5,536,000
Outstanding Balance
$4,119,504
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$2,088,473

Purchase Details

Closed on
May 20, 2005
Sold by
Leshgold Gary and Leshgold Wendy
Bought by
Leshgold Gary M and Leshgold Wendy

Purchase Details

Closed on
Aug 24, 1999
Sold by
David Gertrude and Gertrude David Survivors Trust
Bought by
Leshgold Gary and Leshgold Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.5%

Purchase Details

Closed on
Dec 22, 1998
Sold by
David George Tr G And G David Trust
Bought by
David Gertrude and Gertrude David Survivors Trust

Purchase Details

Closed on
Dec 20, 1995
Sold by
David George and David Gertrude
Bought by
David George and David Gertrude

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
7.37%

Purchase Details

Closed on
Sep 15, 1995
Sold by
David George and David George
Bought by
David George and David Gertrude

Purchase Details

Closed on
Dec 1, 1993
Sold by
David George
Bought by
David George and David George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.12%
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
Geller Jonathan $6,920,000 None Listed On Document
Leshgold Gary M -- --
Leshgold Gary $825,000 Fidelity Title
David Gertrude -- --
David George -- Equity Title
David George -- Equity Title Company
David George -- Continental Lawyers Title Co
David George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geller Jonathan $5,536,000
Previous Owner Leshgold Gary $650,000
Previous Owner David George $467,000
Previous Owner David George $465,000
Closed Leshgold Gary $92,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2021 06/07/21 Sold $6,920,000 -0.4% $1,052 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $6,950,000 -- $1,057 / 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 $88,652 $2,604,304 $2,604,304 --
2024 $88,652 $7,343,557 $3,928,060 $3,415,497
2023 $86,907 $7,199,567 $3,851,040 $3,348,527
2022 $82,820 $7,058,400 $3,775,530 $3,282,870
2021 $22,928 $1,907,549 $937,152 $970,397
2020 $23,161 $1,887,990 $927,543 $960,447
2019 $22,240 $1,850,971 $909,356 $941,615
2018 $22,072 $1,814,678 $891,526 $923,152
2016 $21,080 $1,744,213 $856,908 $887,305
2015 $20,770 $1,718,014 $844,037 $873,977
2014 $20,831 $1,684,361 $827,504 $856,857
Source: Public Records

Agents Affiliated with this Home

  • Santiago Arana

    Seller's Agent in 2021

    Santiago Arana

    The Agency

    (310) 926-9808

    25 in this area

    97 Total Sales

    Santiago Arana
    Section Image
  • Sam Plouchart

    Buyer's Agent in 2021

    Sam Plouchart

    Sotheby's International Realty

    (310) 752-3133

    1 in this area

    53 Total Sales

    Sam Plouchart
    Section Image
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Map

Source: The MLS

MLS Number: 21-720188

The MLS

APN: 4422-020-007

California Los Angeles County Pacific Palisades 90272

1202 Rimmer Ave, Pacific Palisades, CA

This home is located at 1202 Rimmer Ave, Pacific Palisades, CA 90272 since 16 April 2021 and is currently estimated at $6,207,977, approximately $943 per square foot. This property was built in 1949. 1202 Rimmer Ave is a home located in Los Angeles County with nearby schools including Palisades Charter Elementary, Marquez Charter School, and Paul Revere Charter Middle School.

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