NOT LISTED FOR SALE

702 Palisades Beach Rd Santa Monica, CA 90402

North of Montana Neighborhood

Estimated Value: $5,085,117

4 Beds
5 Baths
4,100 Sq Ft
$1,240/Sq Ft Est. Value

Highlights

  • Ocean Front
  • Attached Guest House
  • Cape Cod Architecture
  • Roosevelt Elementary School Rated A+
  • Spa
  • Fireplace in Primary Bedroom

About This Home

As of June 2015

Welcome to the Quintessential "Cape Cod" Beachfront house. Ideally furnished with charm galore! Offering hardwood floors, an open kitchen/breakfast area and a large "great room" with French doors all flowing out to a beautiful, private garden and spa. Perfect for entertaining and just moments to the sand. The upper level welcomes you to a large, private romantic master suite with head on ocean views, an expansive den with a lovely fireplace, all leading out to a spectacular deck with sweeping coastline views and breathtaking sunsets. The dressing area, walk in closet and spacious master bath complete the picture! Downstairs provides two additional en-suite bedrooms and office. Also included is a one bedroom, one bathroom attached guest house with projection screen in living room and kitchen. House is complete with linens, audio-visual equipment and a full kitchen meeting all your needs. Simply bring your toothbrush, relax and enjoy the perfect house!

Last Agent to Rent the Property

Veronica Klein

Compass License #01218557 Listed on: 09/05/2014

Compass

Last Renter's Agent

Andrej Nagy

The Agency License #01934672

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,083

Year Built

  • Built in 1942

Lot Details

  • 5,696 Sq Ft Lot
  • Ocean Front
  • Property is zoned SMR1*

Parking

  • 4 Car Attached Garage

Property Views

  • Ocean
  • City Lights
  • Canyon
  • Mountain

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Built-In Features
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Cable TV Available

Additional Features

  • Spa
  • Attached Guest House

Community Details

  • Community Spa

Listing and Financial Details

  • Security Deposit $70,000
  • Tenant pays for electricity, gas, water
  • Month-to-Month Lease Term
  • Assessor Parcel Number 4293-018-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,083

Year Built

Built in 1942

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 70000
  • Tenant Pays: Electricity, Gas, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Cape Cod
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Complex Name: N/A
  • Entry Floor: 1
  • Lease Terms: Month To Month
  • Living Area: 4100
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 1942
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Family Room, Master Bedroom, Wood Burning
  • Flooring: Carpet, Hardwood, Mixed
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 5
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 9.76

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool: No
  • Roof: Shingle
  • Spa: Private
  • Spa Yn: Yes
  • View: Canyon, City Lights, Mountains, Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street

Association/Amenities

  • Amenities: Separate Maids Qtrs, Spa
  • Pet Rules: Call

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4293-018-014
  • Geocode Override: No
  • Lot Size Area: 5696

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2015
Sold by
Smiley Stuart A
Bought by
Smiley Stuart A and The Stuart A Smiley Living Trust
Current Estimated Value
$5,085,117

Purchase Details

Closed on
Nov 11, 2015
Sold by
Schneider Gary
Bought by
Smiley Stuart A

Purchase Details

Closed on
May 6, 2002
Sold by
Baum Brent
Bought by
Lichtenberg Matthew and Moses Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,755,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 1998
Sold by
London Michael and London Lynn E
Bought by
Baum Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,552,000
Interest Rate
6.82%

Purchase Details

Closed on
Dec 15, 1997
Sold by
London Michael S
Bought by
London Michael

Purchase Details

Closed on
Mar 12, 1997
Sold by
London Lynn
Bought by
London Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
7.62%

Purchase Details

Closed on
Jan 7, 1994
Sold by
Glc Holdings Inc
Bought by
London Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
4.87%

Purchase Details

Closed on
Jan 4, 1994
Sold by
Gottfurcht Elliot
Bought by
Glc Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
4.87%
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
Smiley Stuart A -- None Available
Smiley Stuart A -- None Available
Lichtenberg Matthew -- Equity Title
Baum Brent $1,940,000 Lawyers Title Company
London Michael -- --
London Michael S -- Guardian Title Company
London Michael S $1,215,000 Investors Title Company
Glc Holdings Inc -- Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Gary $625,500
Previous Owner Lichtenberg Matthew $400,000
Previous Owner Lictenberg Matthew $1,100,000
Previous Owner Lichtenberg Matthew $1,755,000
Previous Owner Baum Brent $1,740,000
Previous Owner Baum Brent $1,552,000
Previous Owner London Michael S $200,000
Previous Owner London Michael S $940,000
Previous Owner London Michael S $972,000
Closed Lichtenberg Matthew $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2015 06/01/15 Rented $40,000 0.0% --
06/01/2015 06/01/15 Under Contract -- -- --
09/05/2014 09/05/14 For Rent $40,000 -- --
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 $46,083 $3,988,713 $3,323,935 $664,778
2024 $46,083 $3,910,504 $3,258,760 $651,744
2023 $45,350 $3,833,828 $3,194,863 $638,965
2022 $44,808 $3,758,656 $3,132,219 $626,437
2021 $43,740 $3,684,957 $3,070,803 $614,154
2019 $43,021 $3,575,661 $2,979,722 $595,939
2018 $40,422 $3,505,551 $2,921,297 $584,254
2016 $38,981 $3,369,428 $2,807,860 $561,568
2015 $38,481 $3,318,817 $2,765,684 $553,133
2014 $37,902 $3,253,807 $2,711,509 $542,298
Source: Public Records

Agents Affiliated with this Home

  • Veronica Klein

    Landlord's Agent in 2015

    Veronica Klein

    Compass

    (310) 704-3554

    3 in this area

    22 Total Sales

    Veronica Klein
    Section Image

  • A

    Tenant's Agent in 2015

    Andrej Nagy

    The Agency

    Section Image
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Map

Source: The MLS

MLS Number: 14-791535

The MLS

APN: 4293-018-014

California Los Angeles County Santa Monica 90402 North of Montana

702 Palisades Beach Rd, Santa Monica, CA

This home is located at 702 Palisades Beach Rd, Santa Monica, CA 90402 since 05 September 2014 and is currently priced at $5,085,117. This property was built in 1942. 702 Palisades Beach Rd is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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