NOT LISTED FOR SALE

Estimated Value: $6,528,000 - $22,254,730

7 Beds
9.5 Baths
4,764 Sq Ft
$3,021/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $22,000,000 $4,618 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $101,797/month

147 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Heated In Ground Pool
  • Detached Guest House
  • Projection Room
  • Gated Parking

About This Home

As of February 2017

Located behind antique iron gates at the end of a long private driveway, lies this Italianate compound w/ spectacular views from downtown to Catalina. Legendary history, once home to Ronald Reagan. No expense spared in creating this sophisticated, one of a kind estate that is the latest offering from acclaimed designer/developer Jaman Properties. New construction, old-world craftsmanship and modern tech combine to make this arguably the most beautiful and unique property on the west side of Los Angeles. Extremely private in the most elite section of the Palisades Riviera. Grand 2-story entry; expansive living room; pro screening room; chef's kitchen/family rm; formal dining and paneled library--all open to panoramic views, Scott Shrader designed gardens, outdoor entertainment areas and saltwater pool with invisible spa; master w/ sitting rm, private terrace, his/her bath/dressing rooms-all w/ jetliner views; 5 addtl en suite bedrooms; sep guest house; 6 fireplaces & French oak floors.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 09/07/2016

Westside Estate Agency Inc.

Last Buyer's Agent

Richard Stearns

Compass License #01118915

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $301,452

Lot Details

  • 0.64 Acre Lot
  • Gated Home
  • Property is zoned LAR1

Property Views

  • Ocean
  • City Lights

Interior Spaces

  • 2-Story Property
  • Elevator
  • Built-In Features
  • Bar
  • Gas Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 6 Fireplaces
  • Projection Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Home Gym
  • Security System Owned
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Parking

  • 4 Car Direct Access Garage
  • Side by Side Parking
  • Garage Door Opener
  • Gated Parking

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Lanai
  • Outdoor Grill

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4425-002-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$301,452

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Planned Urban Dev: 0
  • Stories: 2
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Exterior, Family Room, Gas, Library, Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Mixed, Tile
  • Bedrooms: 7
  • Fireplaces: 6
  • Full Bathroom: 6
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 3
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Elevator, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: City Lights, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached, Detached, Direct Entrance, Door Opener, Garage, Gated, Private Garage, Side By Side
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Owned

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4425-002-034
  • Geocode Override: No
  • Lot Size Area: 27943

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Feb 10, 2017
Sold by
Jaman Properties 8 Llc
Bought by
Victrola 89 Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Richard Stearns
Compass
List Price
$25,995,000
Sold Price
$22,000,000
Premium/Discount to List
-$3,995,000
-15.37%
Current Estimated Value
$14,391,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,608,635
Avg. Annual Appreciation
-4.82%

Purchase Details

Listed on
Dec 14, 2012
Closed on
Jan 22, 2013
Sold by
Union Bank Na
Bought by
Jaman Properties 8 Llc
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
Michael Manheim
Compass
List Price
$4,999,000
Sold Price
$5,211,000
Premium/Discount to List
$212,000
4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.21%
Original Mortgage
$520,000
Interest Rate
3.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 28, 2004
Sold by
Switzer Norman and Switzer Irma
Bought by
Switzer Norman and Switzer Irma
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
Victrola 89 Llc $22,000,000 Lawyers Title Company
Jaman Properties 8 Llc $5,211,000 Chicago Title
Switzer Norman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jaman Properties 8 Llc $520,000
Previous Owner Jaman Properties 8 Llc $3,120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2017 02/17/17 Sold $22,000,000 -12.0% $4,618 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
11/28/2016 11/28/16 Price Changed $24,995,000 -3.8% $5,247 / Sq Ft
09/07/2016 09/07/16 For Sale $25,995,000 +398.8% $5,457 / Sq Ft
02/14/2013 02/14/13 Sold $5,211,000 +4.2% $1,094 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $4,999,000 -- $1,049 / 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 $301,452 $25,532,887 $18,691,003 $6,841,884
2024 $301,452 $25,032,243 $18,324,513 $6,707,730
2023 $295,495 $24,541,415 $17,965,209 $6,576,206
2022 $281,563 $24,060,211 $17,612,950 $6,447,261
2021 $278,275 $23,588,444 $17,267,599 $6,320,845
2019 $269,830 $22,888,799 $16,755,433 $6,133,366
2018 $269,101 $22,440,000 $16,426,896 $6,013,104
2016 $64,975 $5,420,666 $4,336,534 $1,084,132
2015 $64,012 $5,339,244 $4,271,396 $1,067,848
2014 $64,181 $5,234,657 $4,187,726 $1,046,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-159874

The MLS

APN: 4425-002-034