NOT LISTED FOR SALE

679 Las Lomas Ave Pacific Palisades, CA 90272

Estimated Value: $1,975,000 - $2,689,942

4 Beds
3 Baths
2,035 Sq Ft
$1,163/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $1,710,000 $840 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $14,938/month

20 Days on Market

About This Home

As of October 2018

Rare Pacific Palisades Mid-Century Duplex-Great Owner/User Property or Investment-Downstairs Unit is a 2 Bedroom and 2 Bath Unit-Living Room with Fireplace, Large Kitchen with Breakfast Area-Private Yard Area- Upstairs Unit is a 2 Bedroom plus Bonus Room-Hardwood floors and Living Room with Fireplace-Both Units to be Delivered Vacant-As-Is Sale-Close to Walking Trails and the new Caruso Village Development-

Last Agent to Sell the Property

Brad Kesner

Wilshire Advisory Group, Inc License #00986769 Listed on: 09/07/2018

Last Buyer's Agent

Brad Kesner

Wilshire Advisory Group, Inc License #00986769 Listed on: 09/07/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,535

Year Built

  • Built in 1949

Lot Details

  • 4,871 Sq Ft Lot

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 2,035 Sq Ft Home
  • Mountain Views
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4414-014-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,535

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2035
  • Year Built: 1949
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator
  • Price Per S Q F T: 896.81

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Detached, Garage - 1 Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 35254
  • Assessed Land Value: 80675
  • Assessor Parcel Number: 4414-014-001
  • Geocode Override: No
  • Lot Size Area: 4871

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.50
  • Number Of Units: 2
  • Total Annual Expense: 26075
  • Type Of Units: Duplex-Flats
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Mohammadi Babak
Bought by
Las Lomas Investments Llc
Current Estimated Value
$2,366,314

Purchase Details

Closed on
Apr 15, 2020
Sold by
Las Lomas Investments Llc
Bought by
Mohammadi Babak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,114,700
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 7, 2018
Closed on
Oct 9, 2018
Sold by
Karrass Gary and The Gary Karrass Trust
Bought by
Las Lomas Investments Llc
Seller's Agent
Brad Kesner
Wilshire Advisory Group, Inc
Buyer's Agent
Brad Kesner
Wilshire Advisory Group, Inc
List Price
$1,825,000
Sold Price
$1,710,000
Premium/Discount to List
-$115,000
-6.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Original Mortgage
$1,100,000
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 2, 2017
Closed on
Oct 31, 2017
Sold by
Cohen Lili and Cohen Sondra
Bought by
Karrass Gary and Gary Karass Trust
Seller's Agent
Larry Weiner
Flans & Weiner, Inc.
List Price
$1,150,000
Sold Price
$1,485,000
Premium/Discount to List
$335,000
29.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.05%

Purchase Details

Closed on
Oct 16, 2001
Sold by
Shanker Sondra and Shanker Bernie
Bought by
Shanker Sondra and Shanker Bernie
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
Las Lomas Investments Llc -- Accommodation
Mohammadi Babak -- None Available
Las Lomas Investments Llc $1,710,000 Old Republic Title Company
Karrass Gary $1,485,000 Old Republic Title
Shanker Sondra -- --
Shanker Sondra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mohammadi Babak $1,114,700
Previous Owner Las Lomas Investments Llc $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $1,710,000 -6.3% $840 / Sq Ft
09/07/2018 09/07/18 For Sale $1,825,000 +22.9% $897 / Sq Ft
12/14/2017 12/14/17 Sold $1,485,000 +29.1% $730 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $1,150,000 -- $565 / 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 $24,535 $2,058,402 $1,673,277 $385,125
2024 $24,535 $2,018,042 $1,640,468 $377,574
2023 $24,058 $1,978,473 $1,608,302 $370,171
2022 $22,933 $1,939,680 $1,576,767 $362,913
2021 $22,652 $1,901,648 $1,545,850 $355,798
2019 $20,351 $1,710,000 $1,500,000 $210,000
2018 $17,960 $1,485,000 $1,300,000 $185,000
2017 $1,498 $115,929 $80,675 $35,254
2016 $1,439 $113,657 $79,094 $34,563
2015 $1,419 $111,950 $77,906 $34,044
2014 $1,438 $109,758 $76,380 $33,378
Source: Public Records

Agents Affiliated with this Home

  • Brad Kesner

    Seller's Agent in 2018

    Brad Kesner

    Wilshire Advisory Group, Inc

    (310) 202-9008

    4 in this area

    33 Total Sales

    Brad Kesner
    Section Image

  • L

    Seller's Agent in 2017

    Larry Weiner

    Flans & Weiner, Inc.

    (818) 501-4888

    1 in this area

    281 Total Sales

    Larry Weiner
    Section Image
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Map

Source: The MLS

MLS Number: 18-383700

The MLS

APN: 4414-014-001

California Los Angeles County Pacific Palisades 90272

679 Las Lomas Ave, Pacific Palisades, CA

This home is located at 679 Las Lomas Ave, Pacific Palisades, CA 90272 since 07 September 2018 and is currently estimated at $2,366,314, approximately $1,162 per square foot. This property was built in 1949. 679 Las Lomas Ave is a home located in Los Angeles County with nearby schools including Marquez Charter School, Palisades Charter Elementary, and Paul Revere Charter Middle School.

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