NOT LISTED FOR SALE

1514 Rising Glen Rd Los Angeles, CA 90069

Hollywood Hills West Neighborhood

Estimated Value: $4,982,000 - $5,694,000

4 Beds
3.5 Baths
2,929 Sq Ft
$1,802/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $4,400,000 $1,502 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $32,609/month

134 Days on Market

Highlights

  • Heated In Ground Pool
  • City Lights View
  • Marble Flooring
  • West Hollywood Elementary School Rated A-
  • Living Room with Fireplace
  • No HOA

About This Home

As of August 2019

A mid-century architectural masterpiece located on prestigious Rising Glen Road. Originally built in 1954, the Honnold and Rex Architectural Research house was masterfully updated and renovated by legendary designer/builder Xorin Balbes. Published in Architectural Digest, this completely private sanctuary is just seconds from Sunset Boulevard and features an expansive indoor/outdoor floor plan opening to a resort-like pool and grounds. Clean lines elegantly define space with soaring fireplaces, light filled glass walls, luxurious bathrooms, and views of city lights. Fall in love with sophisticated Los Angeles living at its best.

Last Agent to Sell the Property

Carl Gambino

Compass License #01971890 Listed on: 03/12/2019

Compass

Last Buyer's Agent

Jason Oppenheim

The Oppenheim Group, Inc. License #01863254

The Oppenheim Group, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 0.36 Acre Lot
  • Property is zoned LARE15

Property Views

  • City Lights
  • Canyon

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Office
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Fire Pit

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5561-002-004

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Fire Pit, Living Room
  • Flooring: Marble, Stone, Wood
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Satellite, Washer, Water Purifier
  • Fireplace: Yes

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, In Ground, Private
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Canyon, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5561-002-004
  • Geocode Override: No
  • Lot Size Area: 15508

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Jul 26, 2019
Sold by
Knispel Lester J
Bought by
0863077 Nevada Ltd
Seller's Agent
Carl Gambino
Compass
Buyer's Agent
Jason Oppenheim
The Oppenheim Group, Inc.
List Price
$5,250,000
Sold Price
$4,400,000
Premium/Discount to List
-$850,000
-16.19%
Current Estimated Value
$5,277,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$877,039
Avg. Annual Appreciation
2.92%

Purchase Details

Listed on
Apr 25, 2014
Closed on
Jun 30, 2014
Sold by
Beaver Dam Llc
Bought by
Knispel Lester J and Rushmore 35Cd Trust
Seller's Agent
Ian Brooks
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Andrew Clark
Sotheby's International Realty
List Price
$6,750,000
Sold Price
$4,800,000
Premium/Discount to List
-$1,950,000
-28.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%
Original Mortgage
$2,400,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 27, 2012
Closed on
Jan 28, 2013
Sold by
Maassen Ronald J and Ronald J Maassen Trust
Bought by
Beaver Dam Llc
Seller's Agent
Thomas Dunlap
Coldwell Banker Realty
Buyer's Agent
Scott Segall
Engel & Völkers Beverly Hills
List Price
$5,995,000
Sold Price
$4,500,000
Premium/Discount to List
-$1,495,000
-24.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%

Purchase Details

Closed on
Feb 2, 2011
Sold by
Maassen Ronald J
Bought by
Maassen Ronald J and The Ronald J Maassen Trust

Purchase Details

Closed on
Jun 1, 2010
Sold by
Maassen Ronald J and Ronald J Maassen Trust
Bought by
Maassen Ronald J

Purchase Details

Closed on
Jul 31, 2008
Sold by
Block William
Bought by
Maassen Ronald J and Ronald J Maassen Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2005
Sold by
Balbes Xorin
Bought by
Block William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,995,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2004
Sold by
Burnell Edward J
Bought by
Balbes Xorin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 1998
Sold by
Fraser Gladys Diane
Bought by
Burnell Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.87%

Purchase Details

Closed on
Mar 3, 1998
Sold by
Glass Gary I
Bought by
Burnell Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.87%
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
0863077 Nevada Ltd $4,400,000 Chicago Title Company
Knispel Lester J $4,800,048 Title365 Company
Beaver Dam Llc $4,500,000 California Title Company
Maassen Ronald J -- None Available
Maassen Ronald J -- California Title Company
Maassen Ronald J $3,250,000 California Title Company
Block William -- Provident Title Company
Balbes Xorin $1,350,000 Fatcola
Burnell Edward J -- Equity Title Company
Burnell Edward J -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knispel Lester J $2,400,000
Previous Owner Maassen Ronald J $1,500,000
Previous Owner Block William $1,995,000
Previous Owner Balbes Xorin $1,350,000
Previous Owner Burnell Edward J $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2019 08/30/19 Sold $4,400,000 -16.2% $1,502 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $5,250,000 +9.4% $1,792 / Sq Ft
08/14/2014 08/14/14 Sold $4,800,000 -8.6% $1,297 / Sq Ft View Prior Sale
08/11/2014 08/11/14 Pending -- -- --
05/31/2014 05/31/14 Price Changed $5,250,000 -12.4% $1,419 / Sq Ft
05/15/2014 05/15/14 Price Changed $5,995,000 -11.2% $1,620 / Sq Ft
04/25/2014 04/25/14 For Sale $6,750,000 +50.0% $1,824 / Sq Ft
02/05/2013 02/05/13 Sold $4,500,000 -9.9% $1,536 / Sq Ft View Prior Sale
01/24/2013 01/24/13 Pending -- -- --
11/24/2012 11/24/12 Price Changed $4,995,000 -16.7% $1,705 / Sq Ft
10/27/2012 10/27/12 For Sale $5,995,000 -- $2,047 / 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 $58,212 $4,812,036 $3,849,631 $962,405
2024 $58,212 $4,717,684 $3,774,149 $943,535
2023 $56,081 $4,625,182 $3,700,147 $925,035
2022 $53,478 $4,534,494 $3,627,596 $906,898
2021 $52,842 $4,445,583 $3,556,467 $889,116
2020 $53,330 $4,400,000 $3,520,000 $880,000
2019 $61,252 $5,171,477 $4,309,565 $861,912
2018 $61,108 $5,070,076 $4,225,064 $845,012
2016 $58,425 $4,873,200 $4,061,000 $812,200
2015 $57,560 $4,800,000 $4,000,000 $800,000
2014 $55,451 $4,520,430 $3,817,252 $703,178
Source: Public Records

Agents Affiliated with this Home

  • Carl Gambino

    Seller's Agent in 2019

    Carl Gambino

    Compass

    (646) 465-1766

    16 in this area

    260 Total Sales

    Carl Gambino
    Section Image
  • Jason Oppenheim

    Buyer's Agent in 2019

    Jason Oppenheim

    The Oppenheim Group, Inc.

    (310) 990-6656

    38 in this area

    160 Total Sales

    Jason Oppenheim
    Section Image
  • Ian Brooks

    Seller's Agent in 2014

    Ian Brooks

    Berkshire Hathaway HomeServices California Properties

    (310) 428-6569

    33 Total Sales

    Ian Brooks
    Section Image

  • A

    Buyer's Agent in 2014

    Andrew Clark

    Sotheby's International Realty

    (310) 724-7000

    2 Total Sales

    Andrew Clark
    Section Image

  • M

    Buyer Co-Listing Agent in 2014

    Margy Mc Atee

    No Firm Affiliation

  • B

    Buyer Co-Listing Agent in 2014

    Barry Peele

    Sotheby's International Realty

    Section Image
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Map

Source: The MLS

MLS Number: 19-443086

The MLS

APN: 5561-002-004

California Los Angeles County Los Angeles 90069 Hollywood Hills West

1514 Rising Glen Rd, Los Angeles, CA

Not Listed for Sale

Detached

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