NOT LISTED FOR SALE

Estimated Value: $5,394,000 - $47,089,484

10 Beds
14 Baths
8,798 Sq Ft
$2,983/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $51,000,000 $5,797 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $196,134/month

50 Days on Market

Highlights

  • Ocean View
  • Tennis Courts
  • Projection Room
  • Detached Guest House
  • Art Studio
  • Heated In Ground Pool

About This Home

As of May 2022

One of the most important estate properties on the westside, situated on over 3 acres with unobstructed downtown to ocean views. An incredible compound featuring 3 separate structures, which have been impeccably remodeled by one of the top design teams in the world with the highest level of quality, design, and style. The sprawling 9k sf, 5 bedrooms, 8 bath main house boasts the quintessential California lifestyle. Featuring plaster walls, gorgeous natural light wood floors, and steel doors and windows all overlooking spectacular gardens, huge lawns, outdoor kitchen, resort-like swimming pool/spa, and stunning city to ocean views. Additional amenities include a state-of-the-art Dolby Digital theater, gourmet kitchen with walk-in refrigerator, and a truly incredible owner's bedroom suite with large dual walk-in closets complete with a sunlit bathroom covered in stone with double shower steam and glam dressing area. There are also walking paths throughout the property, a basketball court and a chicken coop. There is an incredible 4-bedroom guest house with its own full kitchen and living/dining areas, plus a separate yoga/office and gym structure. Truly a once in a generation opportunity. Shown to prequalified clients only.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 03/17/2022

Westside Estate Agency Inc.

Last Buyer's Agent

Dalton Gomez

Christie's International Real Estate SoCal License #01980961

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $637,795

Lot Details

  • 3.04 Acre Lot
  • Gated Home
  • Property is zoned LARE20

Property Views

  • Ocean
  • City Lights
  • Canyon

Home Design

  • Contemporary Architecture
  • Shake Roof

Interior Spaces

  • 2-Story Property
  • Bar
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 6 Fireplaces
  • Projection Room
  • Home Theater
  • Den with Fireplace
  • Library with Fireplace
  • Bonus Room
  • Art Studio
  • Dance Studio
  • Home Gym
  • Security System Owned

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 14 Full Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

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

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Basketball Court
  • Open Patio
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Phone System
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4425-023-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$637,795

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Planned Urban Dev: 0
  • Stories: 2
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Bath, Den, Dining, Gas, Kitchen, Library, Living Room, Master Bedroom, Wood Burning
  • Flooring: Carpet, Hardwood
  • Bedrooms: 10
  • Fireplaces: 6
  • Full Bathroom: 14
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 14.00
  • Den: 1
  • Equipment: Barbeque, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator, Satellite, Washer
  • Fireplace: Yes

Exterior Features

  • Other Structures: GuestHouse, Accessory Bldgs, Other
  • Tennis Court: Basketball
  • Tennis Court Y/N: Yes
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Roof: Shake
  • Spa: Indoor, Private
  • Spa Yn: Yes
  • View: Canyon, City Lights, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage, Gated, Side By Side
  • Total Parking: 15

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Owned
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4425-023-011
  • Lot Size Area: 132261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Apr 13, 2022
Sold by
2005 Green Oak Drive Trust
Bought by
Sr17 Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Dalton Gomez
Christie's International Real Estate SoCal
List Price
$57,500,000
Sold Price
$51,000,000
Premium/Discount to List
-$6,500,000
-11.3%
Current Estimated Value
$26,241,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,758,258
Avg. Annual Appreciation
-18.24%
Original Mortgage
$35,700,000
Outstanding Balance
$33,519,610
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
-$7,277,868

Purchase Details

Closed on
Nov 15, 2018
Sold by
Altman Howard and Kress Gary
Bought by
Feldstein Richard H and 2005 Green Oak Drive Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,767,500
Interest Rate
4.2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 25, 2009
Sold by
Grazer Brian
Bought by
Altman Howard and Kress Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1997
Sold by
Grazer Brian Tr Brian Grazer Trust
Bought by
Grazer Brian and Brian Grazer Trust Of 1995

Purchase Details

Closed on
Feb 15, 1994
Sold by
Grazer Brian
Bought by
Grazer Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sr17 Llc $51,000,000 First American Title Company O
Feldstein Richard H $31,950,000 Lawyers Title
Altman Howard -- None Available
Grazer Brian -- --
Grazer Brian -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sr17 Llc $35,700,000
Previous Owner Feldstein Richard H $20,767,500
Previous Owner Altman Howard $5,000,000
Previous Owner Altman Howard $4,000,000
Previous Owner Grazer Brian $469,000
Previous Owner Grazer Brian $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $51,000,000 -11.3% $5,797 / Sq Ft
03/17/2022 03/17/22 For Sale $57,500,000 -- $6,536 / 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 $637,795 $54,121,608 $47,754,360 $6,367,248
2024 $637,795 $53,060,400 $46,818,000 $6,242,400
2023 $625,167 $52,020,000 $45,900,000 $6,120,000
2022 $392,676 $33,585,154 $23,073,369 $10,511,785
2021 $388,119 $32,926,622 $22,620,950 $10,305,672
2019 $376,329 $20,320,057 $13,852,919 $6,467,138
2018 $239,042 $19,921,626 $13,581,294 $6,340,332
2016 $217,259 $18,175,000 $12,427,400 $5,747,600
2015 $200,895 $16,800,000 $11,487,200 $5,312,800
2014 $193,190 $15,795,000 $10,800,000 $4,995,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-137603

The MLS

APN: 4425-023-011