NOT LISTED FOR SALE

1146 Tower Rd Beverly Hills, CA 90210

Estimated Value: $7,406,000 - $54,960,088

8 Beds
11 Baths
14,000 Sq Ft
$2,227/Sq Ft Est. Value

Last Sold October 28, 2013

Last sale price $27,500,000 $1,964 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $196,022/month

236 Days on Market

Highlights

  • Detached Guest House
  • Cabana
  • City View
  • Beverly Hills High School Rated A
  • Gated Parking
  • 77,690 Sq Ft lot

About This Home

As of October 2013

This landmark Spanish Colonial Revival estate was originally built in 1927 & has undergone a painstaking restoration by famed architects/designers Tim Morrison & Tom Proctor. The property is located north of Sunset Blvd. & the famed BH Hotel and is sited on approx. 1 3/4 acres on an extraordinary promontory with wonderful views of the City. The rare combination of this prime location, the architectural integrity, the amount of flat land and the remarkable views make this one of the most distinctive properties in Beverly Hills. Exquisite original wrought iron details, leaded glass, Malibu tiles & hand hewn beamed ceilings can be found throughout. Superbly scaled public rooms include living room with soaring ceiling, family room, library/screening room and over sized formal dining room. The grounds feature an expansive grassy yard plus pool, spa, covered lanai with fireplace, cabana, meandering pathways, room for a tennis court and a rose garden with vegetables & citrus trees.

Last Agent to Sell the Property

Joseph Babajian

Rodeo Realty License #00813384 Listed on: 02/07/2013

Rodeo Realty

Co-Listed By

Judy Cycon

Rodeo Realty License #00757725

Last Buyer's Agent

Margy Mc Atee

No Firm Affiliation License #01248388

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 1.78 Acre Lot
  • Property is zoned BHR1*

Property Views

  • City
  • Canyon

Home Design

  • Spanish Architecture

Interior Spaces

  • 14,000 Sq Ft Home
  • Elevator
  • Built-In Features
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 7 Fireplaces
  • Breakfast Room
  • Library with Fireplace
  • Bonus Room
  • Utility Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • 11 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Gated Parking
  • Uncovered Parking

Outdoor Features

  • Cabana
  • Covered Patio or Porch
  • Outdoor Fireplace

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4348-016-033

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 14000
  • Planned Urban Dev: 0
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Dining, Exterior, Family Room, Guest House, Library, Living Room, Master Bedroom
  • Flooring: Hardwood, Mixed, Tile
  • Bedrooms: 8
  • Fireplaces: 7
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 11.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Elevator, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2500.00

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • View: Canyon, City
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car, Gated, Uncovered
  • Total Parking: 30

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4348-016-033
  • Geocode Override: No
  • Lot Size Area: 77690

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2013
Closed on
Oct 3, 2013
Sold by
Kresa Kent
Bought by
1146 Tower Road Limited
Seller's Agent
Joseph Babajian
Rodeo Realty
Buyer's Agent
Margy Mc Atee
No Firm Affiliation
List Price
$38,000,000
Sold Price
$27,500,000
Premium/Discount to List
-$10,500,000
-27.63%
Current Estimated Value
$31,183,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,683,044
Avg. Annual Appreciation
1.04%
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
1146 Tower Road Limited $27,500,275 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2013 10/28/13 Sold $27,500,000 -21.4% $1,964 / Sq Ft
07/08/2013 07/08/13 Price Changed $35,000,000 -7.9% $2,500 / Sq Ft
02/07/2013 02/07/13 For Sale $38,000,000 -- $2,714 / 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 $397,529 $33,711,239 $26,938,349 $6,772,890
2024 $397,529 $33,050,236 $26,410,147 $6,640,089
2023 $390,299 $32,402,193 $25,892,301 $6,509,892
2022 $379,075 $31,766,857 $25,384,609 $6,382,248
2021 $368,144 $31,143,978 $24,886,872 $6,257,106
2019 $357,502 $30,220,232 $24,148,714 $6,071,518
2018 $343,920 $29,627,679 $23,675,210 $5,952,469
2016 $330,398 $28,477,202 $22,755,874 $5,721,328
2015 $316,210 $28,049,449 $22,414,060 $5,635,389
2014 $325,473 $27,500,000 $21,975,000 $5,525,000
Source: Public Records

Agents Affiliated with this Home

  • Joseph Babajian

    Seller's Agent in 2013

    Joseph Babajian

    Rodeo Realty

    (310) 623-8800

    6 in this area

    58 Total Sales

    Joseph Babajian
    Section Image

  • J

    Seller Co-Listing Agent in 2013

    Judy Cycon

    Rodeo Realty

    (310) 724-7100

    1 in this area

    2 Total Sales

    Judy Cycon
    Section Image

  • M

    Buyer's Agent in 2013

    Margy Mc Atee

    No Firm Affiliation

  • B

    Buyer's Agent in 2013

    Barry Peele

    Sotheby's International Realty

    Section Image
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Map

Source: The MLS

MLS Number: 13-650153

The MLS

APN: 4348-016-033

California Los Angeles County Beverly Hills 90210

1146 Tower Rd, Beverly Hills, CA

Not Listed for Sale

Detached

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