NOT LISTED FOR SALE

701 Lachman Ln Pacific Palisades, CA 90272

Estimated Value: $3,316,000 - $4,588,331

6 Beds
6.5 Baths
5,307 Sq Ft
$768/Sq Ft Est. Value

Last Sold March 27, 2012

Last sale price $2,275,000 $429 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $26,034/month

Highlights

  • Ocean View
  • Maid or Guest Quarters
  • Marble Flooring
  • In Ground Pool
  • Fireplace in Primary Bedroom
  • Mediterranean Architecture

About This Home

As of June 2021

Exquisitely remodeled 3-story, 6 bedroom, 6.5 bath home with European elegance in highly sought after Marquez Knolls. Just five minutes from the beach, this is a magnificent home with a functional floor plan for family living and entertaining. Soaring 2-story entry flooded with light leads you to a sweeping marble staircase. The home features a gourmet kitchen, family room, formal dining room, fireplace and bar. All bedrooms have ensuite baths. The luxurious master suite looks out over the Pacific Ocean. A maid's room with an ensuite bath, second laundry room, and a family room on the lower level adds extra square footage. Spectacular views of ocean and city, coupled with a serene and private backyard, beautifully landscaped with palm trees, pool, spa, barbecue, lawn and patio. A truly elegant, yet comfortable and inviting home for a growing family, with the benefit of excellent nearby schools.

Last Agent to Rent the Property

Lulu Knowlton

eXp Realty of California Inc License #01950225 Listed on: 06/01/2021

eXp Realty of California Inc

Last Renter's Agent

Maggie Kennedy

Compass License #01924841

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,153

Year Built

  • Built in 1992

Lot Details

  • 7,730 Sq Ft Lot
  • Lot Dimensions are 60x128
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights
  • Pool

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 5,307 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gas Heated Pool

Additional Features

  • Outdoor Grill
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $32,000
  • Tenant pays for cable TV, electricity, gas, insurance, interior maint, move in fee, move out fee, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4419-006-038

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,153

Year Built

Built in 1992

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Furnished: Furnished Or Unfurnished
  • Lease Option: 1
  • Security Deposit: 32000
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Interior Maint, Move In Fee, Move Out Fee, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 5307
  • Lot Acreage: 0.1775
  • Lot Dimensions: 60x128
  • Stories: 3
  • Year Built: 1992
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Master Bedroom, Family Room, Living Room
  • Flooring: Marble, Mixed, Vinyl, Wood
  • Bedrooms: 6
  • Full Bathroom: 6
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Barbeque, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer, Recirculated Exhaust Fan
  • Price Per S Q F T: 3.01

Exterior Features

  • Pool Description: Heated with Gas, Private
  • Pool: Yes
  • View: Catalina, City, City Lights, Coastline, Ocean, Pool
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4419-006-038
  • Lot Size Area: 7730

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2016
Sold by
Chen Zhicheng
Bought by
Chen Zhicheng and Yang Xiaojie
Current Estimated Value
$4,235,110

Purchase Details

Listed on
Jan 3, 2012
Closed on
Feb 15, 2012
Sold by
Fereydouni Henry and Shamloo Shana
Bought by
Chen Zhicheng
Seller's Agent
Robert Radcliffe
Sotheby's International Realty
Buyer's Agent
Christina Hopkins
Berkshire Hathaway HomeServices California Properties
List Price
$2,299,000
Sold Price
$2,275,000
Premium/Discount to List
-$24,000
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Aug 14, 2008
Sold by
Shamloo Shana
Bought by
Fereydouni Henry

Purchase Details

Closed on
Jan 6, 2006
Sold by
Fereydouni Henry
Bought by
Shamloo Shana

Purchase Details

Closed on
Dec 17, 1999
Sold by
Mahmoodzadeh Parvin Tahmasebi, Amir A and Mahmoodzadeh Naji
Bought by
Fereydouni Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,148,000
Interest Rate
7.37%
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
Chen Zhicheng -- None Available
Chen Zhicheng $2,275,000 Chicago Title Company
Fereydouni Henry -- None Available
Shamloo Shana -- --
Fereydouni Henry -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fereydouni Henry $1,200,000
Previous Owner Fereydouni Henry $250,000
Previous Owner Fereydouni Henry $1,133,000
Previous Owner Fereydouni Henry $1,148,000
Previous Owner Tahmasebi Amir Agha $797,500
Previous Owner Tahmasebi Amir Agha $671,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Rented $16,000 0.0% --
06/01/2021 06/01/21 For Rent $16,000 -11.1% --
07/30/2019 07/30/19 Rented $18,000 0.0% --
05/20/2019 05/20/19 For Rent $18,000 0.0% --
03/27/2012 03/27/12 Sold $2,275,000 -1.0% $460 / Sq Ft
01/24/2012 01/24/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $2,299,000 -- $464 / 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 $34,153 $921,100 $921,100 --
2024 $34,153 $2,801,491 $1,389,293 $1,412,198
2023 $33,490 $2,746,560 $1,362,052 $1,384,508
2022 $31,927 $2,692,707 $1,335,346 $1,357,361
2021 $31,528 $2,639,910 $1,309,163 $1,330,747
2019 $30,579 $2,561,611 $1,270,334 $1,291,277
2018 $30,450 $2,511,384 $1,245,426 $1,265,958
2016 $29,111 $2,413,865 $1,197,065 $1,216,800
2015 $28,682 $2,377,607 $1,179,084 $1,198,523
2014 $28,762 $2,331,034 $1,155,988 $1,175,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-742254

The MLS

APN: 4419-006-038