ViewIsland, City Lights, Other, Ocean, Pier, Water
MLS #24466107
Lot Size0.34 Acres
StatusAccepting Backup Offers (Active Under Contract)
About 1159 Lachman Ln
Breathtaking Panoramic Ocean, City, and Catalina Island Views From This Newly Renovated 2-Story Modern Home on an Expansive 14,000+ SqFt Lot. This is a great opportunity to acquire an elegant, move-in-ready residence in the highly sought-after Marquez Knolls neighborhood of Pacific Palisades. Upon entry, you'll be welcomed by a spacious first floor, featuring a great room with fireplace, dining area, soaring ceilings and advanced home systems. Enjoy breathtaking ocean and city views while preparing meals in the sleek, modern kitchen that effortlessly connects to the expansive backyard. On the second floor, you'll find four generously-sized bedrooms, each offering spectacular views of the ocean, Catalina Island, and the city skyline. Positioned on a large, predominantly flat lot, this home provides both privacy and unobstructed, head-on ocean views. This property also holds immense potential for further development. With its flat terrain, there's an opportunity to expand the living space and enhance the already impressive ocean and city views. Whether you choose to expand the existing structure or create a private gated retreat, the possibilities are endless.
This property is $3.4M more than the Median Sold Price and $740/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24466107
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 454-1111
Listing Agent: Ali Rassekhi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,425
$250,008
2020
$3,331
$247,445
2019
$3,226
$242,594
2018
$3,164
$237,839
2017
$3,164
$233,176
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$22.5K
Per Month
Principal & Interest
$22.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Marquez Charter Elementary School
16821 Marquez Ave
Distance between this listing and this school0.77 miles
Public Charter Grades KG-5
8
/10
Palisades Charter Elementary
800 Via De La Paz
Distance between this listing and this school1.38 miles
Public Charter Grades KG-5
8
/10
Canyon Charter Elementary
421 Entrada Dr
Distance between this listing and this school2.65 miles
Public Charter Grades KG-5
Nearby Schools
7
/10
Paul Revere Charter School
1450 Allenford Ave
Distance between this listing and this school2.98 miles
Public Charter Grades 6-8
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school3.79 miles
Public District Grades 6-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school5.19 miles
Public District Grades KG-8
Nearby Schools
8
/10
Palisades Charter High School
15777 Bowdoin St
Distance between this listing and this school1.11 miles
Public Charter Grades 9-12
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school4.71 miles
Public District Grades 9-12
6
/10
University High School Charter
11800 Texas Ave
Distance between this listing and this school4.99 miles
The neighbors living near this home have an average income of $147,292. The majority of Los Angeles, CA residents have income $200k+ annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1159 Lachman Ln
What is the listing price of this property?
The listing price of 1159 Lachman Ln property is $4,495,000.
What type of property is this?
The property 1159 Lachman Ln is a house located in Pacific Palisades, California, 90272.
Is this property for sale now?
Accepting Backup Offers: 1159 Lachman Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,425 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1159 Lachman Ln has 5 bedrooms and 4 full and 1 half bathrooms.
What is the square footage of this property?
The property 1159 Lachman Ln is 3,257 SqFt (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1159 Lachman Ln in Pacific Palisades, CA and zip code 90272 in the Pacific Palisades neighborhood. This 3,257 square foot home sits on a 0.34 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $4,495,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Men's Tennis
Men's Tennis
Skiing/snowboarding
Bloomingdales
Nordstrom
Brooks Brothers
Bonefish Grill
California Pizza Kitchen
Qdoba
Lexus
BMW
Acura
News
Talk/Personality
Sports