NOT LISTED FOR SALE

1422 Lachman Ln Pacific Palisades, CA 90272

Estimated Value: $3,857,000 - $5,735,202

5 Beds
7 Baths
8,552 Sq Ft
$574/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $6,000,000 $702 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $32,907/month

233 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • 0.44 Acre Lot
  • Home Theater
  • Sauna
  • Fireplace in Primary Bedroom

About This Home

As of October 2022

Rare opportunity on the upper Lachman Lane rim in Pacific Palisades with jetliner views of Downtown Los Angeles, Santa Monica Pier, Palos Verdes, Catalina Island & even more coastline towards Malibu! Build your dream view home on this 19,075 square foot lot and own a highly desired property set to enjoy some of the best views in all of Los Angeles. Seller is in the process of securing approved plans & permits for a 8,552 square foot modern residence consisting of 5,590 square foot on the ground floor plus 768 square foot garage and a 2,194 square foot basement. The ground floor was designed with 5 bedrooms, 4 bathrooms, one powder room, kitchen, dining room, and living room. The basement features a fitness room, screening room, spa bathroom with sauna, and additional half bathroom. Structural plans, interior design package, and (4) general contractor estimates shall be included. Ready to build now or modify the design as you desire. Note: Existing renderings are for the previously approved plans. Renderings for the revised plans are in progress.

Last Agent to Sell the Property

Karen Norris

Canon Business Properties, Inc. License #01323996 Listed on: 02/02/2022

Last Buyer's Agent

Anne Leeds

Compass License #00924608

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $74,059

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 102x185
  • South Facing Home
  • Property is zoned LARE15

Property Views

  • Ocean
  • Coastline
  • City

Interior Spaces

  • 8,552 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Home Theater
  • Home Office
  • Sauna
  • Home Gym
  • Laundry Room
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4420-029-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$74,059

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8552
  • Lot Acreage: 0.4379
  • Lot Dimensions: 102x185
  • Stories: 2
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom, Living Room
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 3
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 817.94

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes
  • Spa: Indoor
  • Spa Yn: Yes
  • View: City, Coastline, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4420-029-001
  • Lot Size Area: 19075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2022
Sold by
Nelson Patricia G
Bought by
1422 Lml Llc
Current Estimated Value
$4,906,734

Purchase Details

Listed on
Jul 27, 2020
Closed on
Dec 4, 2020
Sold by
Nelson Roy
Bought by
Nelson Patricia G
Seller's Agent
Gregory Dean
The Dean Company
Buyer's Agent
Karen Norris
Canon Business Properties, Inc.
List Price
$5,750,000
Sold Price
$5,450,000
Premium/Discount to List
-$300,000
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.21%

Purchase Details

Closed on
Jul 3, 2020
Sold by
Rustynst Llc
Bought by
Nelson Patricia G

Purchase Details

Closed on
May 30, 2018
Sold by
Maghami Amir and Maghami Amir Ghaem
Bought by
Rustynest Llc

Purchase Details

Closed on
Jul 3, 2013
Sold by
Fatemi Afsoon
Bought by
Maghami Amir Ghaem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2013
Sold by
Chambers Mandana Shashani and Chambers Mandana Shashani
Bought by
Maghami Amir Ghaem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2001
Sold by
Griess Gerald and Clifton Nyann
Bought by
Rezai Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.03%

Purchase Details

Closed on
Dec 27, 1999
Sold by
Griess Helen M Tr Griess Family Trust
Bought by
Chambers Mandana Shashani and Chambers Mandana Shashani

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
7.83%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
1422 Lml Llc $6,000,000 Chicago Title Company
Nelson Patricia G -- Chicago Title Company
Nelson Patricia G $5,450,000 Chicago Title Company
Rustynest Llc $5,875,000 Chicago Title Company
Maghami Amir Ghaem -- Lawyers Title
Maghami Amir Ghaem $2,840,000 Lawyers Title
Rezai Ali $350,000 Southland Title
Chambers Mandana Shashani $1,150,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maghami Amir Ghaem $400,000
Previous Owner Chambers Mandana Shashani $500,000
Previous Owner Chambers Mandana Shashani $1,100,000
Previous Owner Chambers Mandana Shashani $250,000
Previous Owner Chambers Mandana Shashani $650,000
Previous Owner Rezai Ali $280,000
Previous Owner Chambers Mandana Shashani $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $6,000,000 -14.2% $702 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
08/21/2022 08/21/22 For Sale $6,995,000 +16.6% $818 / Sq Ft
08/02/2022 08/02/22 Off Market $6,000,000 -- --
06/14/2022 06/14/22 For Sale $6,995,000 0.0% $818 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $6,995,000 +28.3% $818 / Sq Ft
12/07/2020 12/07/20 Sold $5,450,000 -5.2% $1,837 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $5,750,000 -- $1,939 / 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 $74,059 $6,242,400 $6,242,400 --
2024 $74,059 $6,120,000 $6,120,000 --
2023 $73,270 $6,000,000 $6,000,000 $0
2022 $65,096 $5,559,000 $5,559,000 $0
2021 $69,225 $5,450,000 $5,450,000 $0
2020 $72,219 $5,992,500 $5,992,500 $0
2019 $69,290 $5,875,000 $5,875,000 $0
2018 $36,903 $3,059,730 $3,059,730 $0
2017 $36,108 $2,999,736 $2,999,736 $0
2016 $35,598 $2,949,343 $1,822,126 $1,127,217
2015 $35,074 $2,905,042 $1,794,756 $1,110,286
2014 $35,076 $2,840,000 $1,759,600 $1,080,400
Source: Public Records

Agents Affiliated with this Home

  • Karen Norris

    Seller's Agent in 2022

    Karen Norris

    Canon Business Properties, Inc.

    (310) 273-3094

    3 in this area

    6 Total Sales

    Karen Norris
    Section Image
  • Anne Leeds

    Buyer's Agent in 2022

    Anne Leeds

    Compass

    (310) 487-0733

    7 in this area

    36 Total Sales

    Anne Leeds
    Section Image

  • W

    Buyer Co-Listing Agent in 2022

    Wyatt Parker

    Compass

    (310) 995-7588

    4 in this area

    26 Total Sales

    Wyatt Parker
    Section Image
  • Gregory Dean

    Seller's Agent in 2020

    Gregory Dean

    The Dean Company

    (310) 502-5002

    1 in this area

    15 Total Sales

    Gregory Dean
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-124033

The MLS

APN: 4420-029-001

California Los Angeles County Pacific Palisades 90272

1422 Lachman Ln, Pacific Palisades, CA

This home is located at 1422 Lachman Ln, Pacific Palisades, CA 90272 since 02 February 2022 and is currently estimated at $4,906,734, approximately $573 per square foot. 1422 Lachman Ln is a home located in Los Angeles County with nearby schools including Marquez Charter School, Palisades Charter Elementary, and Palisades Charter High.

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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes