Seller's Agent in 2024
F. Ron Smith
Compass
(310) 500-3931
34 in this area
390 Total Sales
1012 Rivas Canyon Rd Pacific Palisades, CA 90272
Estimated Value: $6,721,000 - $6,824,217
4
Beds
3
Baths
2,607
Sq Ft
$2,602/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- Primary Bedroom Suite
- 1.23 Acre Lot
- Heated Lap Pool
- View of Trees or Woods
- Midcentury Modern Architecture
About This Home
As of December 2024A rare opportunity presents itself with the 'Rowen House', a 1957 masterwork by acclaimed modernist architect Josef Van der Kar, immortalized through the lens of renowned photographer Julius Shulman and preserved in the Getty Library catalog. This stunning architectural marvel unfolds across 1.2 acres off of a private road in Pacific Palisades' coveted Rivas Canyon neighborhood. The visionary residence exemplifies Mid-Century sophistication through its masterful integration of glass and light. Terrazzo flooring flows throughout the main living areas, while strategically placed skylights illuminate the interiors. A gracious foyer introduces the main living room, where floor-to-ceiling windows frame picturesque backyard views, complemented by a fireplace that enhances the inviting atmosphere. The thoughtfully designed floor plan positions the kitchen at the heart of daily life, connecting seamlessly to the dining area and a light-filled family room. The interiors extend outward through expansive glass doors to the newly installed pool/spa and pergola-covered entertainment area. The primary suite, with sliding doors leading to a private outdoor patio, includes double closets and a period-specific ensuite bath with a sunken terrazzo tub/shower. Three secondary bedrooms and two additional baths provide ample flexibility for guests, a home office, and more. Recent updates honor Van der Kar's original vision while incorporating contemporary conveniences with restored millwork, a renovated kitchen with new countertops and stainless steel appliances, updated bathrooms with designer tile, central air conditioning, a tankless water heater, and an upgraded sprinkler system. The expansive, wooded grounds offer privacy and seclusion, while a carport and driveway provide abundant parking. This architecturally significant property is supremely situated in Pacific Palisades, with quick access to Will Rogers Park, Temescal Canyon trails, and the restaurants and boutiques of nearby Palisades Village. Beyond its physical attributes, this residence represents a pivotal moment in California modernism--a museum-worthy property. For the discerning collector of architectural works, the 'Rowen House' stands ready to begin its next chapter.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,289
Year Built
- Built in 1957 | Remodeled
Lot Details
- 1.23 Acre Lot
- Property fronts a private road
- Fenced Yard
- Landscaped
- Secluded Lot
- Sprinkler System
- Wooded Lot
- Lawn
- Back and Front Yard
- Property is zoned LARE40
Property Views
- Woods
- Canyon
Home Design
- Midcentury Modern Architecture
Interior Spaces
- 2,607 Sq Ft Home
- 1-Story Property
- Built-In Features
- Skylights
- Recessed Lighting
- Gas Fireplace
- Sliding Doors
- Formal Entry
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Dining Area
- Security Lights
Kitchen
- Open to Family Room
- <<OvenToken>>
- Gas Cooktop
- <<microwave>>
- Freezer
- Water Line To Refrigerator
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Wood
- Tile
- Terrazzo
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
- Remodeled Bathroom
- 3 Full Bathrooms
- <<tubWithShowerToken>>
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 3 Open Parking Spaces
- 5 Parking Spaces
- 2 Carport Spaces
- Driveway
Pool
- Heated Lap Pool
- Heated In Ground Pool
- In Ground Spa
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
Additional Features
- Covered patio or porch
- Horses Allowed On Property
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4409-005-010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
Dec 26, 2024
Sold by
Gary Karrass Trust and Karrass Gary
Bought by
25 Cliff Road Trust and Slater
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
Richard Ehrlich
Carolwood Estates
List Price
$7,498,000
Sold Price
$7,500,000
Premium/Discount to List
$2,000
0.03%
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$717,594
Avg. Annual Appreciation
-17.28%
Purchase Details
Closed on
Jan 20, 2012
Sold by
Karrass Gary
Bought by
Karrass Gary and Gary Karrass Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 15, 2011
Sold by
Karrass Gary
Bought by
Karrass Gary and Gary Karrass Trust
Purchase Details
Closed on
Sep 27, 1996
Sold by
Paley Peter and The Irving H Paley Trust
Bought by
Karrass Gary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
8.1%
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 25 Cliff Road Trust | $7,500,000 | Fidelity National Title | |
| Karrass Gary | -- | Accommodation | |
| Karrass Gary | -- | Lsi Title | |
| Karrass Gary | -- | None Available | |
| Karrass Gary | $1,300,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Karrass Gary | $849,000 | |
| Previous Owner | Karrass Gary | $993,100 | |
| Previous Owner | Karrass Gary | $1,000,000 | |
| Previous Owner | Karrass Gary | $975,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $7,500,000 | 0.0% | $2,877 / Sq Ft |
| 12/12/2024 12/12/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $7,498,000 | 0.0% | $2,876 / Sq Ft |
| 01/24/2018 01/24/18 | Rented | $12,950 | 0.0% | -- |
| 12/06/2017 12/06/17 | Price Changed | $12,950 | +17.7% | $5 / Sq Ft |
| 12/04/2017 12/04/17 | For Rent | $11,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $25,289 | $2,075,790 | $1,660,640 | $415,150 |
| 2023 | $24,798 | $2,035,089 | $1,628,079 | $407,010 |
| 2022 | $23,645 | $1,995,186 | $1,596,156 | $399,030 |
| 2021 | $23,356 | $1,956,065 | $1,564,859 | $391,206 |
| 2019 | $22,653 | $1,898,049 | $1,518,446 | $379,603 |
| 2018 | $22,555 | $1,860,833 | $1,488,673 | $372,160 |
| 2016 | $21,580 | $1,788,576 | $1,430,867 | $357,709 |
| 2015 | $21,262 | $1,761,711 | $1,409,375 | $352,336 |
| 2014 | $21,346 | $1,727,203 | $1,381,768 | $345,435 |
Source: Public Records
Agents Affiliated with this Home
-
F. Ron Smith
-
David Berg
Seller Co-Listing Agent in 2024
David Berg
Compass
(310) 500-3931
36 in this area
379 Total Sales
-
Richard Ehrlich
Buyer's Agent in 2024
Richard Ehrlich
Carolwood Estates
(310) 860-8885
8 in this area
44 Total Sales
-
Brad Kesner
Seller's Agent in 2018
Brad Kesner
Wilshire Advisory Group, Inc
(310) 202-9008
4 in this area
31 Total Sales
-
S
Buyer's Agent in 2018
Subscriber Non
Non-Participant Office
Map
Source: The MLS
MLS Number: 24-464211
APN: 4409-005-010
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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