Landlord's Agent in 2020
Rommy Shy
Rommy Shy
(818) 274-2655
25 Total Sales
1024 Summit Dr Beverly Hills, CA 90210
Estimated Value: $6,206,000 - $17,790,383
7
Beds
9
Baths
12,000
Sq Ft
$1,009/Sq Ft
Est. Value
Highlights
- Wine Cellar
- Home Theater
- Primary Bedroom Suite
- Beverly Hills High School Rated A
- Private Pool
- City Lights View
About This Home
As of March 2020This gorgeous estate and its expansive motor court sit perched atop a long windy drive off one of Beverly Hills' most exclusive streets. Just 5 minutes north of Sunset Blvd., it has the proximity of bustling Beverly Hills yet also the quiet privacy that only a gated compound can offer. Designed by the noted architect William S. Beckett, this modern masterpiece has been inhabited by cultural icons and titans of industry during its' storied history. In 2015, the property was completely restored and today it is an entertainer's delight. Soaring ceilings, floor to ceiling glass windows and stunning walls of wood, stone and white porcelain tile accent the vast living spaces. Smart home system with built-in speakers throughout, vast chef's kitchen, separate prep kitchen, game room, wine cellar and a large state-of-the-art home theater enhance the value. The master suite features two giant walk-in closets and private deck complete with jacuzzi and sweeping views of Beverly Hills. Outdoor area features a large tiled patio, zen garden, large poolside pavilion, built in bar and grill and glass walled pool and spa; all on just under a flat acre lot. Garage can accommodate 9 cars. Boasting the premium in luxury finishes and fixtures, this trophy estate represents the pinnacle of high-end real estate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $154,506
Year Built
- Built in 1924
Lot Details
- 0.97 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned BHR1*
Parking
- 9 Car Attached Garage
Property Views
- City Lights
- Hills
Interior Spaces
- 12,000 Sq Ft Home
- 2-Story Property
- Elevator
- Wet Bar
- Furnished
- Dual Staircase
- Wired For Sound
- Wired For Data
- Dry Bar
- Cathedral Ceiling
- Formal Entry
- Wine Cellar
- Great Room
- Family Room
- Living Room with Fireplace
- Dining Room
- Home Theater
- Home Office
- Bonus Room
- Workshop
- Sun or Florida Room
- Home Gym
Kitchen
- Kitchen Island
- Stone Countertops
Bedrooms and Bathrooms
- 7 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Walk-In Closet
- Maid or Guest Quarters
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Private Pool
- Outdoor Fireplace
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Sewer Paid
Community Details
- No Home Owners Association
Listing and Financial Details
- Security Deposit $140,000
- Rent includes gardener, pool, sewer, trash collection
- 12-Month Minimum Lease Term
- Available 10/1/19
- Tax Lot 2
- Tax Tract Number 20435
- Assessor Parcel Number 4348010019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 10, 2018
Sold by
Agora Oak Llc
Bought by
Harpro Llc
Current Estimated Value
Purchase Details
Closed on
Mar 7, 2013
Sold by
Phillips Brandon K and Phillips Family Trust
Bought by
Agora Oak Llc
Purchase Details
Listed on
Mar 21, 2012
Closed on
Mar 30, 2012
Sold by
1024 Holdings Llc
Bought by
Phillips Brandon K and Phillips Family Trust
Seller's Agent
Brett Lawyer
Carolwood Estates
Buyer's Agent
Jordana Leigh
Rodeo Realty
List Price
$8,500,000
Sold Price
$7,700,000
Premium/Discount to List
-$800,000
-9.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$4,235,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 3, 2009
Sold by
Oppenheimer Gerald H and Virginia B Oppenheimer Trust
Bought by
1024 Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.2%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 11, 1998
Sold by
Virginia B Oppenheimer Trust and Gerald H
Bought by
Oppenheimer Gerald H and Virginia B Oppenheimer Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harpro Llc | -- | None Available | |
| Agora Oak Llc | $10,600,106 | Fidelity National Title | |
| Phillips Brandon K | $7,700,077 | Equity | |
| 1024 Holdings Llc | -- | Ticor Title Company | |
| Oppenheimer Gerald H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Harpro Llc | $8,000,000 | |
| Previous Owner | Phillips Brandon K | $4,235,000 | |
| Previous Owner | 1024 Holdings Llc | $5,000,000 | |
| Previous Owner | Oppenheimer Gerald H | $250,000 | |
| Previous Owner | Oppenheimer Gerald H | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2024 09/10/24 | For Rent | $40,000 | -7.8% | -- |
| 03/17/2020 03/17/20 | Rented | $43,400 | -45.1% | -- |
| 10/01/2019 10/01/19 | For Rent | $79,000 | 0.0% | -- |
| 04/25/2012 04/25/12 | Sold | $7,700,000 | 0.0% | $739 / Sq Ft |
| 04/18/2012 04/18/12 | Off Market | $7,700,000 | -- | -- |
| 03/21/2012 03/21/12 | For Sale | $8,500,000 | -- | $815 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $154,506 | $12,797,193 | $8,897,189 | $3,900,004 |
| 2023 | $151,709 | $12,546,269 | $8,722,735 | $3,823,534 |
| 2022 | $147,358 | $12,300,264 | $8,551,701 | $3,748,563 |
| 2021 | $143,088 | $12,059,083 | $8,384,021 | $3,675,062 |
| 2019 | $138,964 | $11,701,406 | $8,135,348 | $3,566,058 |
| 2018 | $133,485 | $11,471,968 | $7,975,832 | $3,496,136 |
| 2017 | $130,331 | $11,247,029 | $7,819,444 | $3,427,585 |
| 2016 | $128,179 | $11,026,500 | $7,666,122 | $3,360,378 |
| 2015 | $122,686 | $10,860,872 | $7,550,970 | $3,309,902 |
| 2014 | $118,540 | $10,648,123 | $7,403,057 | $3,245,066 |
Source: Public Records
Agents Affiliated with this Home
-
Rommy Shy
-
Brett Lawyer
Seller's Agent in 2012
Brett Lawyer
Carolwood Estates
(310) 858-5400
2 in this area
52 Total Sales
-
Jordana Leigh
Buyer's Agent in 2012
Jordana Leigh
Rodeo Realty
(310) 724-7100
27 in this area
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19232651
APN: 4348-010-019
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