Our practice has shifted to real estate valuation and analysis for the Palisades area
The Market
So what's the deal?
Through June 12, there have been 8 public sales:
Market snapshot from recent sales:
- Average sale price: $1.93M
- Average sale price per square foot (land only): $187
- Average days on market: 40 days
Noteworthy recent sales:
- 1216 Lachman Ln – $2.9M at $290/SF (full ocean view, large lot)
- 1377 Lachman Ln – $2.1M at $125/SF (large sloped lot)
Noteworthy listings:
- 581 Muskingum Ave – $200/SF (large lot, no view premium)
- 16611 Pequeno Way – $152/SF for 11,000 SF lot, newly listed
The sheer number of active listings (45!) and the dramatic differences in elevation and view angles make pricing and absorption in Marquez Knolls highly variable.
Where we land:
- Lachman has premium views - city lights possible.
- This area is sprawling - meaning it is less convenient but may be easier to build as it is out of the hub of the village
- Homeowners association so beware of local rules
- Check the prior permitted structure, as being able to build within 10% of prior is a huge advantage. This puts a premium on well-built homes under 5 years old.
- You can check the LEGAL permitted structure size here: https://zimas.lacity.org/
- (Enter the address and click on "Assessor" in the side panel; look for "Building 1 / Building Square Footage".
Learn More
Owners: we are happy to provide valuation analysis with no obligation -- we are not brokers.
Buyers: If you would like us to run analysis on a property (or properties) you are considering buying, please reach out.
Preliminary Lot Valuation
Complete this quick and confidential form so we may provide some initial valuation guidance. There is no charge or commitment for this service.