NOT LISTED FOR SALE

1121 Tower Rd Beverly Hills, CA 90210

Estimated Value: $7,625,000 - $14,395,742

6 Beds
9 Baths
5,557 Sq Ft
$1,876/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $9,200,000 $1,656 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $67,007/month

1 Day on Market

Highlights

  • Attached Guest House
  • In Ground Pool
  • Living Room with Fireplace
  • Beverly Hills High School Rated A
  • City Lights View
  • Spanish Architecture

About This Home

As of September 2022

LISTED FOR COMP PURPOSES ONLY. The project is under construction and will be back on market in 12 months. For further information please contact LA1 or LA2. This remodel includes plans for a bright daylight lower level with entertainment space, Wellness Center, Theater, and city light views from the expansive Master Bedroom. The home has excellent off-street parking with a large semi-circular driveway and a rear motor court with a three-car garage under a guest apartment. A large swimming pool and spa adjacent to a spacious flat grassy yard with numerous entertaining areas will complete this one-of-a-kind estate.

Last Agent to Sell the Property

Gregory Dean

The Dean Company License #00970290 Listed on: 08/31/2022

Co-Listed By

Adam Rosenfeld

Resident Group License #01918229

Last Buyer's Agent

Dimitri Velis

The Dean Company License #00966698

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $113,140

Year Built

  • Built in 1928 | Under Construction

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 101x160
  • Property is zoned BHR1YY

Property Views

  • City Lights
  • Canyon

Home Design

  • Spanish Architecture

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Home Office
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 9 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Covered Parking
  • On-Street Parking

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Attached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4348-017-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$113,140

Year Built

Built in 1928 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Lot Acreage: 0.3749
  • Lot Dimensions: 101x160
  • Property Condition: Under Construction
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 6
  • Full Bathroom: 9
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 9.00
  • Den: 0

Exterior Features

  • Other Structures: None
  • Guest House: Attached
  • Pool Description: In Ground
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Canyon, City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Covered Parking, Above Street Level
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-017-012
  • Lot Size Area: 16333

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Anchor Assets Xviii Holdings Llc
Bought by
Tower Dream Home Llc
Current Estimated Value
$10,425,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,500,000
Interest Rate
5.54%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 8, 2021
Sold by
Liberty Fund Llc
Bought by
Jrm Financial Llc

Purchase Details

Closed on
Dec 18, 2017
Sold by
1121 Tower Road Llc
Bought by
Liberty Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,900
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 19, 2016
Closed on
Oct 3, 2016
Sold by
Weintraub Amv and Ls Shelton Trust
Bought by
1121 Tower Road Llc
Seller's Agent
Michael Eisenberg
Keller Williams Beverly Hills
Buyer's Agent
Gregory Dean
The Dean Company
List Price
$6,395,000
Sold Price
$6,150,000
Premium/Discount to List
-$245,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$4,920,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 1998
Sold by
Moreaux Lesly S Tr Moreaux Trust
Bought by
Shelton Lesly Starr and L S Shelton Trust

Purchase Details

Closed on
Dec 23, 1994
Sold by
Shelton Lesly and Moreaux Lesly Shelton
Bought by
Moreaux Lesly Shelton and L Moreaux Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tower Dream Home Llc $9,200,000 Provident Title
Anchor Assets Xviii Holdings Llc -- First American Title Company O
Jrm Financial Llc $8,081,379 None Available
Liberty Fund Llc $7,050,000 Fidelity Sherman Oaks
1121 Tower Road Llc $6,150,000 First American Title Company
Shelton Lesly Starr -- --
Moreaux Lesly Shelton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tower Dream Home Llc $11,850,000
Closed Tower Dream Home Llc $2,900,000
Closed Tower Dream Home Llc $3,000,000
Previous Owner Tower Dream Home Llc $9,500,000
Previous Owner Liberty Fund Llc $205,000,000
Previous Owner Liberty Fund Llc $11,195,000
Previous Owner Liberty Fund Llc $7,900
Previous Owner 1121 Tower Road Llc $4,920,000
Closed Tower Dream Home Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $9,200,000 0.0% $1,656 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $9,200,000 +49.6% $1,656 / Sq Ft
11/17/2016 11/17/16 Sold $6,150,000 -3.8% $1,003 / Sq Ft
10/07/2016 10/07/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $6,395,000 -- $1,043 / 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
2024 $113,140 $9,384,000 $7,507,200 $1,876,800
2023 $111,090 $9,200,000 $7,360,000 $1,840,000
2022 $100,865 $8,428,158 $7,140,000 $1,288,158
2021 $87,901 $7,410,807 $5,928,646 $1,482,161
2020 $87,611 $7,334,820 $5,867,856 $1,466,964
2019 $85,366 $7,191,000 $5,752,800 $1,438,200
2018 $73,062 $6,273,000 $5,018,400 $1,254,600
2016 $68,694 $5,903,678 $4,690,455 $1,213,223
2015 $4,715 $397,761 $287,621 $110,140
2014 $4,582 $389,970 $281,987 $107,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-196079

The MLS

APN: 4348-017-012