NOT LISTED FOR SALE

Estimated Value: $2,946,836 - $5,562,000

1.3 Acres
$3,339,968 Price per Acre
56,628 Sq Ft Lot

Last Sold May 21, 2024

Last sale price $5,100,000

Est. 15% decrease in value since last sale

Current estimated payment $24,556/month

72 Days on Market

Highlights

  • Ocean View
  • Warner Avenue Elementary Rated A
  • 1.3 Acre Lot

About This Lot

As of May 2024

Approved by the Mulholland Review Board, this is a once-in-a-lifetime opportunity to build the 8,455 sf mountain-modern masterpiece designed by the venerated Russell Shubin. The site, a stunning 1.3 acre double-lot in BHPO, tucked away from a majestic 75-yard private driveway, offers a serene canvas for the ultimate Southern California living, tailor-made to your every desire. With panoramic views and lush grounds, this is the most exquisite trophy property development. With the hard work already done, and coveted designs by one of the world's most esteemed architects, don't miss this chance to own LA's next landmark.

Last Agent to Sell the Property

Robby Sutton

The Beverly Hills Estates License #01079743 Listed on: 01/22/2024

The Beverly Hills Estates

Last Buyer's Agent

Zachary Feitelberg

Keller Williams Beverly Hills License #01983079

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Lot Details

  • 1.3 Acre Lot
  • Property is zoned LARE40

Property Views

  • Ocean
  • Panoramic
  • Woods
  • Canyon
  • Mountain
  • Hills

Utilities

  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 4385-002-010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Lot Acreage: 1.3000
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Ocean, Mountains, Trees/Woods, Panoramic, Hills
  • View: Yes

Utilities

  • Cable: No
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4385-002-010
  • Lot Description: 2-4 Lots
  • Lot Size Area: 57067

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
May 14, 2024
Sold by
Aubrey Trust and Gelfand Todd
Bought by
Lee Stafford and Lee Emily
Seller's Agent
Robby Sutton
The Beverly Hills Estates
Buyer's Agent
Zachary Feitelberg
Keller Williams Beverly Hills
List Price
$5,500,000
Sold Price
$5,100,000
Premium/Discount to List
-$400,000
-7.27%
Views
77
Current Estimated Value
$4,341,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$758,041
Avg. Annual Appreciation
-9.63%

Purchase Details

Listed on
Apr 26, 2016
Closed on
Aug 8, 2016
Sold by
Kitay Mitchell and Kitay Mitchell A
Bought by
Oppenheim Michael and Aubrey Trust
Seller's Agent
Saundra Renard
The Desert Connection Realtors
Buyer's Agent
Robby Sutton
The Beverly Hills Estates
List Price
$5,500,000
Sold Price
$4,625,000
Premium/Discount to List
-$875,000
-15.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.26%

Purchase Details

Closed on
Oct 9, 1996
Sold by
Rosenwald John M
Bought by
Kitay Mitchell

Purchase Details

Closed on
Apr 25, 1996
Sold by
California Federal Bank Fsb
Bought by
Rosenwald John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.8%

Purchase Details

Closed on
Nov 2, 1995
Sold by
Kitay Mitchell and California Fsla
Bought by
California Federal Bank Fsb and California Fsla
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
Lee Stafford $3,050,000 Fidelity National Title
Lee Stafford $2,050,000 Fidelity National Title
Oppenheim Michael $4,625,000 Equity Title Company
Kitay Mitchell -- --
Rosenwald John M $340,000 South Coast Title Company
California Federal Bank Fsb $736,876 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosenwald John M $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2024 05/21/24 Sold $5,100,000 -7.3% --
04/03/2024 04/03/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $5,500,000 +18.9% --
08/11/2016 08/11/16 Sold $4,625,000 -15.9% -- View Prior Sale
06/22/2016 06/22/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $5,500,000 -- --
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 $20,867 $1,836,000 $1,836,000 --
2024 $20,867 $1,735,189 $1,735,189 --
2023 $20,458 $1,701,166 $1,701,166 $0
2022 $19,493 $1,667,810 $1,667,810 $0
2021 $19,268 $1,635,108 $1,635,108 $0
2019 $18,683 $1,586,610 $1,586,610 $0
2018 $18,661 $1,555,500 $1,555,500 $0
2016 $5,622 $466,518 $466,399 $119
2015 $5,539 $459,512 $459,394 $118
2014 $5,572 $450,512 $450,396 $116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-349763

The MLS

APN: 4385-002-010