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Backup Offers

1550 Michael Ln, Pacific Palisades, CA, 90272

$1,775,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,467 SqFt
$720/SqFt
Townhouse
Schools Nearby

Location

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1550 Michael Ln, Los Angeles$1,775,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Attached Garage2 spaces
Year Built1979
HeatingCentral
CoolingCentral Air
FireplaceLiving Room, Primary Bedroom
ViewCanyon, Mountain(s)
MLS #SR24082669
Lot Size9.19 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1550 Michael Ln

This is the Palisades opportunity you've been waiting for! With nearly 2,500 square feet of living space spread across three levels, this highly desirable corner-unit floorplan is one of the largest in the community and has unique custom upgrades you won't find in other units. Be greeted by the private entrance to find a foyer that takes you to a custom-designed wet bar, sitting room, office, and bedroom with an ensuite bathroom. You may next travel to the mid-level, where a fully renovated kitchen meets you, featuring a double oven gas range, quartz countertops, and a newly built walk-in pantry. Also, on this mid-level, you have the attached two-car garage, which takes you directly into the kitchen, formal dining space, and living room, all this set amongst an open plan, high ceilings, a re-designed fireplace, and views of the gorgeous Santa Monica Mountains. On the 3rd floor, you'll find the primary suite and 3rd bedroom, which both feature their own ensuite baths. The oversized primary bedroom serves as your personal retreat with its private balconies, a serene view of the emerald green hillside, soaring high ceilings, modern fireplace, giant walk-in closet, a unique second closet, and a luxurious spa bathroom. This highly sought-after community offers a range of amenities, including a fully renovated pool, sauna, fitness room (renovations almost complete!), tons of guest parking, and access to the community dog park. To top it all off, this home offers you entry to popular public schools and easy access to the area's pristine beaches and glorious canyon trails.

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Stories: 3
  • Living Area: 2,467 SqFt

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (323) 333-6405
  • Listing Agent: Christine Regan

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Interior: Bedroom on Main Level, Dressing Area, Entrance Foyer, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
  • Fireplace: Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Canyon, Mountain(s)

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Virtual/3D Tour

  • 3D Tour: 1550 Michael Ln

3D Tour

Lot Features

Lot Information:

  • Lot Size: 9.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Paul Revere Middle School, Public Charter Grades 6-8
  • Studio, Public District Grades 6-8
  • Marquez Charter, Public Charter Grades KG-5
  • Academy For Enriched Sciences, Public Magnet Grades 1-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: Sunset Boulevard to Palisades Drive, Left Vereda de la Montura, Right on Michael Lane, Enter 2nd driveway on right, park in guest spots or on street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,775,000
  • Price Per SqFt: $720/SqFt

HOA Fees:

  • Amount: $654
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $13,600
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1550 Michael Ln vs Los Angeles

14 DAYS ON ROCKET

-20 Days

$1,775,000

+$788.5K More

$720/SqFt

+$88 More

KEY TAKEAWAY

This property is $788.5K more than the Median Sold Price and $88/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: #SR24082669

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (323) 333-6405
  • Listing Agent: Christine Regan

IDX 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: 5/29/2024, 3:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 28, 2020Home Sold
$1,125,000
Aug 02, 1999Home Sold
$585,000
Jul 31, 1998Home Sold
$502,500
Nov 22, 1996Home Sold
$402,500
Dec 08, 1992Home Sold
$450,000
Jun 14, 1988Home Sold
$470,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,600$1,136,655
2020$10,653$904,601
2019$10,588$886,865
2018$10,359$869,476
2017$10,359$852,428

History based on county public records data.

Payment Calculator

$9,580

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,388

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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.

Elementary School

school-card-donut-4134449
7
/10

  • Marquez Charter

  • 16821 Marquez Ave

  • 2.44 miles

  • Public Charter Grades KG-5

school-card-donut-4134450
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 8.63 miles

  • Public Magnet Grades 1-5

school-card-donut-4134451
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 12.53 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-4134452
7
/10

  • Paul Revere Middle School

  • 1450 Allenford Ave

  • 4.27 miles

  • Public Charter Grades 6-8

school-card-donut-4134453
4
/10

  • Studio

  • 2211 W Avenue 30

  • 18.84 miles

  • Public District Grades 6-8

High School

school-card-donut-4134454
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 8.57 miles

  • Public Magnet Grades 9-12

school-card-donut-4134455
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 20.37 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $181,107. The majority of Los Angeles, CA residents have income $200k+ annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1550 Michael Ln

What is the listing price of this property?

The listing price of 1550 Michael Ln property is $1,775,000.

What type of property is this?

The property 1550 Michael Ln is a townhouse located in Pacific Palisades, California, 90272.

Is this property for sale now?

Accepting Backup Offers: 1550 Michael Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1550 Michael Ln are:
Marquez Charter: GreatSchools Rating 7/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Paul Revere Middle School: GreatSchools Rating 7/10
Studio: GreatSchools Rating 4/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,600 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 28, 2020 for $1,125,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1550 Michael Ln has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 1550 Michael Ln is 2,467 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1550 Michael Ln is 1979.

Rocket Homes›California›Los Angeles County›Los Angeles›90272›1550 Michael Ln

This home is located at 1550 Michael Ln in Pacific Palisades, CA and zip code 90272 in the Pacific Palisades neighborhood. This 2,467 square foot home, which was built in 1979, sits on a 9.19 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $1,775,000.

In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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