NOT LISTED FOR SALE

Estimated Value: $6,292,000 - $30,760,012

8 Beds
9 Baths
9,708 Sq Ft
$1,908/Sq Ft Est. Value

Last Sold September 09, 2014

Last sale price $23,980,000 $2,470 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $129,523/month

Highlights

  • Detached Guest House
  • Home Theater
  • Automatic Gate
  • West Hollywood Elementary School Rated A-
  • Heated Infinity Pool
  • City Lights View

About This Home

As of October 2015

Only on a rare occasion do we find a drive-on estate in the Sunset Strip of this scale and capacity, located just seconds from the famed boulevard's array of world-class restaurants, shopping and nightlife. To journey beyond the grand gates and soaring pepper tree hedge of this Hagy Belzberg-designed compound estate is to enter a secluded, resort-like sanctuary where three distinct structures - a Main Residence, Wellness Center and Guest House - summon you forward, beckoning you to journey through their space so they can unveil one surprise after another. Architecturally inspiring, in both appearance and function, 1232 Sunset Plaza radiates a warm, California modern allure draped in sophistication and delight, while conveying an unmistakable sense of strength, volume and boldness. Exterior and interior transitional spaces are rich in fluidity so that the capacity to enjoy and entertain is always sensible and effortless

Last Agent to Rent the Property

Brendan Fitzpatrick

Douglas Elliman License #01791703 Listed on: 09/22/2015

Douglas Elliman

Co-Listed By

Mauricio Umansky

The Agency License #01222825

Last Renter's Agent

Brendan Fitzpatrick

Douglas Elliman License #01791703 Listed on: 09/22/2015

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $342,962

Year Built

  • Built in 2012

Lot Details

  • 1.12 Acre Lot
  • Property is zoned LAR1

Home Design

  • Modern Architecture

Interior Spaces

  • 9,708 Sq Ft Home
  • Furnished
  • Built-In Features
  • Bar
  • Entryway
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Den with Fireplace
  • Home Gym
  • Wood Flooring
  • City Lights Views
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Automatic Gate
  • Guest Parking

Outdoor Features

  • Heated Infinity Pool
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Phone System
  • Cable TV Available

Community Details

  • Community Pool

Listing and Financial Details

  • Security Deposit $140,000
  • Tenant pays for cable TV, gardener, gas, insurance, pool service
  • 12 Month Lease Term
  • Assessor Parcel Number 5559-008-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$342,962

Year Built

Built in 2012

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 140000
  • Tenant Pays: Cable TV, Gardener, Gas, Insurance, Pool Service

Listing Details

  • Property Type: Residential Lease
  • Style: Modern
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 9708
  • Year Built: 2012
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Rooms: Den, Dining, Exterior, Family Room, Fire Pit
  • Flooring: Hardwood, Mixed
  • Bedrooms: 8
  • Full Bathroom: 9
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: In Closet
  • Total Bathrooms: 9.00
  • Den: 1
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Phone System, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 10.30

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, Heated And Filtered, Negative Edge/Infinity Pool
  • Pool: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Attached, Auto Driveway Gate, Garage - 4+ Car

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Gated Parking, Guest Parking, Pool

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5559-008-020
  • Geocode Override: No
  • Lot Size Area: 48687

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2016
Sold by
Ridgedale Ventores Llc
Bought by
Reignwood North America Inc
Current Estimated Value
$18,526,006

Purchase Details

Closed on
May 14, 2014
Sold by
Linc
Bought by
Ridgedale Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2010
Sold by
Harmony Lane Inc
Bought by
Linc
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
Reignwood North America Inc $24,000,000 Stewart Title Of California
Ridgedale Ventures Llc -- None Available
Linc -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reignwood North America Inc $17,250,000
Previous Owner Ridgedale Ventures Llc $10,000,000
Previous Owner Linc $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Rented $85,000 -15.0% --
09/22/2015 09/22/15 For Rent $100,000 +33.3% --
03/15/2015 03/15/15 Rented $75,000 0.0% --
02/23/2015 02/23/15 Under Contract -- -- --
01/19/2015 01/19/15 For Rent $75,000 0.0% --
09/09/2014 09/09/14 Sold $23,980,000 -16.7% $1,845 / Sq Ft
03/31/2014 03/31/14 For Sale $28,800,000 0.0% $2,215 / Sq Ft
02/12/2014 02/12/14 Rented $200,000 0.0% --
02/12/2014 02/12/14 Under Contract -- -- --
02/12/2014 02/12/14 For Rent $200,000 -- --
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 $342,962 $29,014,645 $23,211,718 $5,802,927
2024 $342,962 $28,445,732 $22,756,587 $5,689,145
2023 $336,193 $27,887,974 $22,310,380 $5,577,594
2022 $320,386 $27,341,152 $21,872,922 $5,468,230
2021 $316,657 $26,805,052 $21,444,042 $5,361,010
2019 $306,994 $26,010,000 $20,808,000 $5,202,000
2018 $306,112 $25,500,000 $20,400,000 $5,100,000
2016 $290,998 $24,345,695 $19,269,445 $5,076,250
2015 $286,674 $23,980,000 $18,980,000 $5,000,000
2014 $177,104 $14,461,417 $3,975,047 $10,486,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-942883

The MLS

APN: 5559-008-020