NOT LISTED FOR SALE

Estimated Value: $4,550,000

6 Beds
8 Baths
9,204 Sq Ft
$494/Sq Ft Est. Value

Sale Details

Date Sold: December 27, 2018

Last sale price $29,500,000 $3,205 Per Sq Ft

Current estimated payment $28,840 / mo

105 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Fireplace in Primary Bedroom
  • Home Theater
  • 194,494 Acre Lot
  • Wood Flooring

About This Home

As of December 2018

A rare opportunity to acquire one of Los Angeles' most iconic view estates. This approx. 4.5 acre promontory offers explosive uninterrupted ocean to Downtown views, including the Griffith Observatory.Located just minutes from the Sunset Strip, this sensational development opportunity is weeks away from RTI with plans by visionary architect Noah Walker for an approx. 35,000 square foot architectural trophy. The LOT SIZE per survey pre LLA: 131,662 SF per survey LOT SIZE upon recording / purchase of parcel A & B 194,494 - to be verified by title and survey (131, 662 + 11,397 + 51,475)

Last Agent to Sell the Property

Tomer Fridman

Christie's International Real Estate SoCal License #01750717 Listed on: 06/21/2018

Christie's International Real Estate SoCal

Last Buyer's Agent

Darryl Wilson

Rodeo Realty License #01201417

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 194,494 Acre Lot
  • Property is zoned LARE40

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Mountain

Interior Spaces

  • Fireplace in Primary Bedroom
  • 9,204 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Home Theater
  • Bonus Room
  • Laundry Room

Kitchen

  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Carpet
  • Stone

Parking

  • Attached Garage
  • Driveway

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5551-033-008

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

194,494 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 9204
  • Lot Acreage: 194494.0000
  • Stories: 2
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Living Room, Master Bedroom
  • Flooring: Carpet, Stone, Wood
  • Full Bathroom: 0
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Equipment: Dishwasher, Refrigerator, Trash Compactor
  • Price Per S Q F T: 3802.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Private
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: City, City Lights, Mountains, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Driveway, Garage

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5551-033-008
  • Geocode Override: No
  • Lot Size Area: 131014

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Cedarbois Llc
Bought by
Cedarbois Llc
Current Estimated Value
$4,550,000

Purchase Details

Listed on
Jun 21, 2018
Closed on
Nov 1, 2018
Sold by
Diamond Cove Investments Llc
Bought by
Electra Court Llc
Seller's Agent
Tomer Fridman
Christie's International Real Estate SoCal
Buyer's Agent
Darryl Wilson
Rodeo Realty
List Price
$32,000,000
Sold Price
$29,500,000
Premium/Discount to List
-$2,500,000
-7.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.73%
Original Mortgage
$14,750,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 23, 2017
Sold by
One Electra Llc
Bought by
Diamond Cove Investments Llc

Purchase Details

Closed on
Jun 16, 2016
Sold by
Ellison Margaret
Bought by
One Electra Llc

Purchase Details

Listed on
Apr 23, 2013
Closed on
Nov 13, 2013
Sold by
Anderson Kenneth J
Bought by
Ellison Margaret Elizabeth
Seller's Agent
Aaron Kirman
Christie's International Real Estate SoCal
Buyer's Agent
Ben Bacal
Revel Real Estate
List Price
$19,800,000
Sold Price
$20,000,000
Premium/Discount to List
$200,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.38%
Original Mortgage
$24,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2003
Sold by
Anderson Kenneth J
Bought by
Anderson Kenneth J

Purchase Details

Closed on
Mar 5, 1999
Sold by
Novikova Olga and Koublitski Serguel
Bought by
Stanback Lawrence C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 1999
Sold by
Novikova Olga
Bought by
Novikova Olga and Koublitski Serguei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 1996
Sold by
Tsumura Trading Co
Bought by
Novikova Olga
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cedarbois Llc -- None Listed On Document
Electra Court Llc $29,500,000 Fidelity National Title
Diamond Cove Investments Llc $35,350,000 First American Title Company
One Electra Llc -- None Available
Ellison Margaret Elizabeth $20,000,200 First American Title Company
Anderson Kenneth J -- --
Stanback Lawrence C $3,800,000 Southland Title Company
Novikova Olga -- Southland Title Company
Novikova Olga $2,500,000 Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Electra Court Llc $14,750,000
Previous Owner Ellison Margaret Elizabeth $24,000
Previous Owner Stanback Lawrence C $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2018 12/27/18 Sold $29,500,000 -15.7% $3,205 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
06/22/2018 06/22/18 Price Changed $35,000,000 +9.4% $3,803 / Sq Ft
06/21/2018 06/21/18 For Sale $32,000,000 +60.0% $3,477 / Sq Ft
12/27/2013 12/27/13 Sold $20,000,000 -20.0% $2,173 / Sq Ft View Prior Sale
12/27/2013 12/27/13 Pending -- -- --
12/27/2013 12/27/13 Price Changed $25,000,000 +25.0% $2,716 / Sq Ft
07/09/2013 07/09/13 Off Market $20,000,000 -- --
04/23/2013 04/23/13 For Sale $19,800,000 -- $2,151 / Sq Ft
Source: The MLS

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 $388,657 $32,907,808 $24,541,417 $8,366,391
2024 $388,657 $32,262,558 $24,060,213 $8,202,345
2023 $380,984 $31,629,960 $23,588,445 $8,041,515
2022 $363,059 $31,009,766 $23,125,927 $7,883,839
2021 $358,841 $30,401,732 $22,672,478 $7,729,254
2019 $394,753 $27,448,200 $20,308,200 $7,140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-347286

The MLS

APN: 5551-006-034

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