NOT LISTED FOR SALE

Estimated Value: $4,890,000 - $6,101,000

4 Beds
4 Baths
5,582 Sq Ft
$1,015/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $4,900,000 $878 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $36,375/month

38 Days on Market

Highlights

  • Art Studio
  • Wine Cellar
  • Traditional Architecture
  • Warner Avenue Elementary Rated A
  • Heated In Ground Pool
  • Wood Flooring

About This Home

As of April 2023

This luxurious property in Lower Bel Air is a one-of-a-kind masterpiece that was built & cherished by its original owners since 1997. Offering 5,582 square feet of living space on a third of an acre flat lot, this 4 beds, 4 bath estate boasts a tree-top view and parking for up to 7 vehicles including a two-car attached and also another 2 car detached covered garage. Step inside the grand formal entry to be greeted by hardwood flooring, elevated ceilings and crown moldings, all of which make this home the perfect blend of style and grace. Formal living room is very spacious with 2-story high ceiling, lots of natural lights and opening to the grand formal dining room. First floor also features a substantial family room with a fireplace and bar, a sizable, gorgeous 4th bedroom with wood panels and wainscoting and a 3/4 bath, large laundry room with plenty of cabinetry and counter tops and an additional elegant powder room. The elevator (which connects all three levels), central vacuum, built-in sound system, recessed lighting, laundry chute and multi-zone central heating and cooling make this home an exceptional choice for those seeking the epitome of comfort and convenience. There is a state-of-the-art chef kitchen with custom cabinetry, center island, granite counter tops, built-in appliances including refrigerator, gas range, oven, microwave, butler's area and spacious walk-in pantry. Upstairs you'll find the spacious primary suite featuring 2 immense walk-in closets, sitting area, adjacent office, dressing area and the bathroom with a bidet, double vanities, steam shower, and Jacuzzi tub, the ultimate retreat where you can escape the stress of everyday life and indulge in a spa-like experience. Upstairs also includes 2 additional spacious bedrooms with ample closets, 1 bathroom and a voluminous built-in library with sit-in area. For those looking for additional living space, there is a possibility of a 1 bedroom and 1 bath addition upstairs. Upon entering the backyard you'll immediately discover your own personal paradise. Surrounded by mature landscaping, this outdoor oasis features a covered porch, open patio, heated pool and spa, built in BBQ and outdoor kitchen, making it the perfect space to entertain guests and host memorable events. Indulge in the heated in-ground pool and spa, surrounded by lush greenery and serene This outdoor escape is an idyllic setting to lounge, relax, and rejuvenate, offering the ultimate resort-style living experience right in your own private backyard. This house is very light and bright with plenty of natural light in every room. Option for a seller carry back financing, making this home a unique opportunity for those seeking the ultimate luxury and comfort in a prestigious location. There is plenty of storage area throughout the house including the additional space in the garage with numerous possibilities such as wine cellar, art studio, gym, office, etc. This home is a once-in-a-lifetime opportunity to own a piece of Bel Air's finest real estate. There is also a possibility to turn the detached garage with the adjacent full kitchen into an ADU. Great location close to UCLA, Brentwood, Beverly Hills and fine shopping and restaurants. This is a Trust sale with no court confirmation.

Last Agent to Sell the Property

Faye Sarafian-Erdman

Nelson Shelton & Associates License #01121133 Listed on: 02/09/2023

Nelson Shelton & Associates

Last Buyer's Agent

Aviva Motavassel

Realty One Group United License #01127504

Realty One Group United

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,923

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 153x90
  • Property is zoned LARE15

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,582 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Built-In Features
  • Formal Entry
  • Wine Cellar
  • Family Room
  • Living Room
  • Dining Room
  • Library
  • Bonus Room
  • Art Studio
  • Alarm System
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Side by Side Parking
  • Garage Door Opener

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Gazebo
  • Outdoor Grill

Utilities

  • Two cooling system units
  • Central Heating
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4366-012-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 5582
  • Lot Acreage: 0.3186
  • Lot Dimensions: 153x90
  • Stories: 2
  • Number Of Photos: 70
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Central Vacuum, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Microwave, Washer, Vented Exhaust Fan, Refrigerator, Range/Oven
  • Price Per S Q F T: 877.82

Exterior Features

  • Other Structures: Accessory Bldgs, Gazebo, Other
  • Pool Description: Heated And Filtered
  • Pool: Yes
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Tree Top, Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Detached, Door Opener, Direct Entrance, Covered Parking, Garage - 4+ Car, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Dual
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4366-012-017
  • Lot Size Area: 13878

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Apr 18, 2023
Sold by
David Katz Family Trust and Katz Barry A
Bought by
Zar Kambiz and Zar Jacqulyn Nabatian
Seller's Agent
Faye Sarafian-Erdman
Nelson Shelton & Associates
Buyer's Agent
Aviva Motavassel
Realty One Group United
List Price
$4,900,000
Sold Price
$4,900,000
Views
85
Current Estimated Value
$5,667,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,124
Avg. Annual Appreciation
6.59%
Original Mortgage
$3,900,000
Outstanding Balance
$3,802,026
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$1,865,098

Purchase Details

Listed on
Feb 9, 2023
Closed on
Apr 7, 2023
Sold by
Katz Family Trust
Bought by
David Katz Family Trust
Seller's Agent
Faye Sarafian-Erdman
Nelson Shelton & Associates
Buyer's Agent
Aviva Motavassel
Realty One Group United
List Price
$4,900,000
Sold Price
$4,900,000
Views
85

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Outstanding Balance
$3,802,026
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$1,865,098

Purchase Details

Closed on
Jul 7, 2003
Sold by
Katz Frances and Katz Family Trust Of 1989
Bought by
Katz Frances and Katz Family Trust Of 1989

Purchase Details

Closed on
Jul 14, 1995
Sold by
Finkelstein Lea and Finkelstein Sewek
Bought by
Katz Sidney and Katz Frances
Source: Public Records

Range of Values:

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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
Zar Kambiz $4,900,000 Old Republic Title Company
David Katz Family Trust -- Old Republic Title Company
Katz Barry A -- None Listed On Document
Katz Norman M -- Old Republic Title Company
Katz Frances -- --
Katz Sidney -- --
Katz Sidney -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zar Kambiz $3,900,000
Closed Zar Kambiz $3,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $4,900,000 0.0% $878 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $4,900,000 -- $878 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $60,923 $5,097,960 $3,329,280 $1,768,680
2024 $60,923 $4,998,000 $3,264,000 $1,734,000
2023 $12,933 $1,004,768 $110,256 $894,512
2022 $12,384 $985,068 $108,095 $876,973
2021 $12,207 $965,754 $105,976 $859,778
2019 $11,788 $937,112 $102,834 $834,278
2018 $11,598 $918,738 $100,818 $817,920
2016 $11,016 $883,064 $96,904 $786,160
2015 $10,859 $869,801 $95,449 $774,352
2014 $10,899 $852,764 $93,580 $759,184
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-238981

The MLS

APN: 4366-012-017