NOT LISTED FOR SALE

Estimated Value: $6,853,000 - $8,973,000

5 Beds
4.5 Baths
5,500 Sq Ft
$1,415/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $6,975,000 $1,268 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $49,746/month

Highlights

  • Ocean View
  • Koi Pond
  • 24-Hour Security
  • Attached Guest House
  • Wine Cellar
  • In Ground Pool

About This Home

As of August 2022

OCEAN VIEW estate on a private, quiet street in Upper Riviera, offering a unique opportunity to live in the most sought-after zip code on the west side. Between the Palisades Village and Brentwood Park, this 5-bed and 4 1/2-bath, just-completed, fully-remodeled home is flooded with natural light and overlooks Santa Monica Bay and city lights. The indoor-outdoor flow embraces the California lifestyle with a stunning French limestone terrace, BBQ, and pergola with fireplace surrounded by an expansive green lawn. A separate guest pavilion features a full bath and kitchenette, making it the perfect junior suite, office, or gym. Newly built in-ground pool and jacuzzi, rounding out this spectacular 17,060 sq ft lot (.39 acre) property -- fully gated with security and camera system. Within walking distance to Riviera Country Club and a neighboring home currently listed for $57.5M! (Also offered for sale at $12,225,000).

Last Agent to Rent the Property

Amir Mostame

Carolwood Estates License #02110196 Listed on: 08/16/2022

Carolwood Estates

Co-Listed By

Andreas Elsenhans

The Agency License #02007689

Last Renter's Agent

Brian Lane

Carolwood Estates License #02038343

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,120

Year Built

  • Built in 1952

Lot Details

  • 0.39 Acre Lot
  • Property is zoned LARE15

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights
  • Hills

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Beamed Ceilings
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Area
  • Home Gym
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System

Parking

  • 4 Parking Spaces
  • Driveway
  • Automatic Gate

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Koi Pond
  • Outdoor Grill

Additional Features

  • Attached Guest House
  • Central Heating and Cooling System

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Security Deposit $130,000
  • Tenant pays for electricity, cable TV, trash collection, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 4425-020-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,120

Year Built

Built in 1952

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 130000
  • Tenant Pays: Electricity, Cable TV, Trash Collection, Gas

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Single Family Or Apt: Single Family
  • Entry Location: Main Level
  • Lease Terms: 1-Year
  • Living Area: 5500
  • Lot Acreage: 0.3912
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Furnished, Beamed Ceiling(s), Living Room Balcony, Open Floor Plan
  • Fireplace Rooms: Living Room, Master Bedroom, Patio
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Kitchen Features: Counter Top, Pantry
  • Laundry: Laundry Area
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Washer, Dryer, Refrigerator, Freezer, Intercom, Dishwasher, Built-Ins
  • Price Per S Q F T: 11.82

Exterior Features

  • Other Features: Koi Pond, Balcony, Barbecue Private
  • Other Structures: GuestHouse
  • Guest House: Attached
  • Pool Description: In Ground
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: City Lights, Coastline, Catalina, Hills, Ocean
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage Is Attached
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Automatic Gate

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 4425-020-006
  • Lot Size Area: 17040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 16, 2021
Sold by
Balson Brennan P and Balson Brennan P
Bought by
B F R A Investment Llc
Seller's Agent
Gary I Glass
Christie's International Real Estate SoCal
Buyer's Agent
Andreas Elsenhans
The Agency
List Price
$7,295,000
Sold Price
$6,975,000
Premium/Discount to List
-$320,000
-4.39%
Current Estimated Value
$7,782,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$807,073
Avg. Annual Appreciation
2.82%
Original Mortgage
$5,330,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2020
Sold by
Balson Paul John and Balson Anissa B
Bought by
Balson Brennan P and Balson Brennan P

Purchase Details

Closed on
Feb 7, 2008
Sold by
Balson Paul John and Balson Anissa B
Bought by
Balson Paul John and Balson Anissa B

Purchase Details

Closed on
Nov 5, 2002
Sold by
Boudjakdji Raouf and Millicent Boudjakdji 2000 Trus
Bought by
Balson Anissa

Purchase Details

Closed on
Sep 20, 2000
Sold by
Boudjakdji Millicent H
Bought by
Boudjakji Millicent and Millicent Boudjakdji 2000 Trus

Purchase Details

Closed on
Jul 23, 1998
Sold by
Yoder James K and Lawton Constance G
Bought by
Boudjakdji Millicent H

Purchase Details

Closed on
Apr 23, 1996
Sold by
Salter Robert M and Salter Darlene J
Bought by
Yoder James K and Lawton Constance G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Interest Rate
7.73%
Source: Public Records

Range of Values:

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Average Value
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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
B F R A Investment Llc $7,000,000 Lawyers Title Company
Balson Brennan P -- None Available
Balson Paul John -- None Available
Balson Paul John -- None Available
Balson Paul John -- None Available
Balson Anissa -- --
Boudjakji Millicent -- --
Boudjakdji Millicent H $2,695,000 Equity Title
Boudjakdji Millicent H -- --
Yoder James K $915,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bfra Investment Llc $500,000
Open Bfra Investment Llc $5,500,000
Closed Bfra Investment Llc $1,000,000
Closed B F R A Investment Llc $2,350,000
Closed B F R A Investment Llc $6,500,000
Closed B F R A Investment Llc $5,330,000
Previous Owner Balson Paul John $2,760,000
Previous Owner Yoder James K $885,000
Previous Owner Yoder James K $686,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Rented $85,000 +30.8% --
08/16/2022 08/16/22 For Rent $65,000 0.0% --
09/01/2021 09/01/21 Sold $6,975,000 -4.4% $1,849 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $7,295,000 -- $1,933 / 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 $88,120 $7,428,455 $5,942,764 $1,485,691
2024 $88,120 $7,282,800 $5,826,240 $1,456,560
2023 $86,390 $7,140,000 $5,712,000 $1,428,000
2022 $82,336 $7,000,000 $5,600,000 $1,400,000
2021 $46,507 $3,903,263 $3,179,102 $724,161
2020 $46,993 $3,863,241 $3,146,505 $716,736
2019 $45,107 $3,787,492 $3,084,809 $702,683
2018 $44,899 $3,713,228 $3,024,323 $688,905
2016 $42,968 $3,569,041 $2,906,886 $662,155
2015 $42,335 $3,515,431 $2,863,222 $652,209
2014 $42,450 $3,446,570 $2,807,136 $639,434
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 22-190349

The MLS

APN: 4425-020-006