NOT LISTED FOR SALE

1124 Summit Dr Beverly Hills, CA 90210

Estimated Value: $6,420,187 - $6,916,000

2 Beds
3 Baths
2,256 Sq Ft
$2,948/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $2,500,000 $1,108 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $37,293/month

67 Days on Market

Highlights

  • In Ground Pool
  • Views of Trees
  • Living Room with Fireplace
  • Beverly Hills High School Rated A
  • Midcentury Modern Architecture
  • No HOA

About This Home

As of May 2019

Incredible opportunity for an end user or developer in this prime area of Beverly Hills north of Sunset. This mid-century modern fixer is within minutes of the Beverly Hills Hotel. Surrounded by some of the most significant $30M plus estates in the city. This property boasts open living spaces, high living room ceilings, and floor to ceiling windows overlooking lush green trees on a huge almost 19,000 square foot lot. Trust sale, first time available in over 45 years. Pool. Beverly Hills School District. Call listing agent for details.

Last Agent to Sell the Property

Aitan Segal

Compass License #01423997 Listed on: 02/08/2019

Compass

Last Buyer's Agent

Aitan Segal

Compass License #01423997 Listed on: 02/08/2019

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot
  • Property is zoned BHR1*

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 2,256 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Utility Room
  • Laundry Room
  • Carpet
  • Views of Trees
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Parking

  • Attached Garage
  • Driveway

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4348-006-019

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 2256
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Mixed
  • Bedrooms: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 1327.57

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Driveway

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-006-019
  • Geocode Override: No
  • Lot Size Area: 18996

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2019
Sold by
Parnes Living Trust
Bought by
The Kambiz Pahlavan Family Trust
Current Estimated Value
$6,650,047

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
2.86%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 21, 2014
Sold by
Parnes Samuel Will and The Parnes Living Trust
Bought by
Survivors Trust A

Purchase Details

Closed on
May 12, 2014
Sold by
Parnes Joy L and The Parnes Living Trust
Bought by
Parnes Samuel Will and The Parnes Living Trust

Purchase Details

Closed on
Feb 27, 2008
Sold by
Parnes Joy L and The Parnes Living Trust
Bought by
Parnes Joy L and The Parnes Living Trust

Purchase Details

Closed on
Oct 10, 1996
Sold by
Trust Parnes Joy Tr Irwin And Joy Parnes
Bought by
Irwin Parnes Bypass Trust

Purchase Details

Closed on
Jun 13, 1993
Sold by
Parnes Irwin and Parnes Joy L
Bought by
Parnes Irwin and Parnes Joy L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Kambiz Pahlavan Family Trust $2,500,000 Progressive Title Company
Survivors Trust A -- None Available
Parnes Samuel Will -- None Available
Parnes Joy L -- None Available
Irwin Parnes Bypass Trust -- --
Parnes Irwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Kambiz Pahlavan Family Trust $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $2,500,000 -16.5% $1,108 / Sq Ft
02/08/2019 02/08/19 For Sale $2,995,000 -- $1,328 / 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 $33,121 $2,788,793 $1,952,156 $836,637
2024 $33,121 $2,734,112 $1,913,879 $820,233
2023 $32,526 $2,680,502 $1,876,352 $804,150
2022 $31,596 $2,627,944 $1,839,561 $788,383
2021 $30,679 $2,576,417 $1,803,492 $772,925
2020 $30,577 $2,550,000 $1,785,000 $765,000
2019 $255 $315,487 $216,688 $98,799
2018 $3,715 $309,302 $212,440 $96,862
2016 $3,541 $297,293 $204,192 $93,101
2015 $3,396 $292,828 $201,125 $91,703
2014 $3,304 $287,093 $197,186 $89,907
Source: Public Records

Agents Affiliated with this Home

  • Aitan Segal

    Seller's Agent in 2019

    Aitan Segal

    Compass

    (310) 739-1561

    1 in this area

    7 Total Sales

    Aitan Segal
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Map

Source: The MLS

MLS Number: 19-432738

The MLS

APN: 4348-006-019

California Los Angeles County Beverly Hills 90210

1124 Summit Dr, Beverly Hills, CA

Not Listed for Sale

Detached

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