NOT LISTED FOR SALE

Estimated Value: $7,608,000 - $13,095,567

5 Beds
6 Baths
6,880 Sq Ft
$1,505/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $14,250,000 $2,071 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $68,991/month

45 Days on Market

Highlights

  • Ocean View
  • Sauna
  • 0.57 Acre Lot
  • Heated In Ground Pool
  • Gated Parking
  • Contemporary Architecture

About This Home

As of September 2023

Ocean views and coastal elegance in the Pacific Palisades Riviera. Recently reimagined and remodeled by Errol Dejager Design, this private estate rests on over a half acre flat with expansive coastal and city views. Featuring inviting home spaces including four bedroom suites, as well as an additional guest bedroom, formal living and dining, family room, a voluminous office library wrapped in wood paneling, a custom dry sauna room, and an indoor/outdoor heated fireplace patio area that takes in the large pool, grassy private yard, and amazing head on views of the ocean, coastline, and Catalina Island. A truly spectacular property rarely available in LAs most exclusive neighborhood.

Last Agent to Sell the Property

Robert Sandefer

The Agency License #01996491 Listed on: 07/10/2023

The Agency

Last Buyer's Agent

Shamon Shamonki

Sotheby's International Realty License #01455034

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $171,730

Year Built

  • Built in 1960

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 173x141
  • Property is zoned LARE15

HOA Fees

  • $13 Monthly HOA Fees

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Contemporary Architecture
  • Slate Roof

Interior Spaces

  • 6,880 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Fireplace
  • Living Room with Fireplace
  • Den with Fireplace
  • Library
  • Bonus Room
  • Sauna
  • Wood Flooring
  • Alarm System
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • Gated Parking

Pool

  • Heated In Ground Pool
  • Exercise
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Outdoor Grill

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4425-002-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$171,730

Year Built

Built in 1960

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 6880
  • Lot Acreage: 0.5713
  • Lot Dimensions: 173x141
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room, Gas
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins
  • Price Per S Q F T: 2321.95

Exterior Features

  • Other Structures: Shed(s)
  • Pool Description: Exercise Pool, Heated And Filtered, Private
  • Pool: Yes
  • Roof: Slate
  • Spa: Private, Hot Tub
  • Spa Yn: Yes
  • View: Catalina, City, City Lights, Coastline, Ocean
  • View: Yes

Garage/Parking

  • Other Spaces: 5
  • Covered Parking: 2
  • Parking Garage: Garage, Gated
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 150.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4425-002-032
  • Lot Size Area: 24884

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Sep 12, 2023
Sold by
Bernard Huberman Administrative Trust
Bought by
Pazirandeh Family Trust and Pazirandeh
Seller's Agent
Robert Sandefer
The Agency
Buyer's Agent
Shamon Shamonki
Sotheby's International Realty
List Price
$15,975,000
Sold Price
$14,250,000
Premium/Discount to List
-$1,725,000
-10.8%
Views
118
Current Estimated Value
$10,351,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,898,216
Avg. Annual Appreciation
-18.51%

Purchase Details

Listed on
Sep 23, 2021
Closed on
Apr 4, 2022
Sold by
Robert T Turfe Trust
Bought by
Bernard Huberman Administrative Trust
Seller's Agent
Dan Urbach
Compass
Buyer's Agent
Robert Sandefer
The Agency
List Price
$13,500,000
Sold Price
$13,400,000
Premium/Discount to List
-$100,000
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Jul 12, 2021
Sold by
Turfe Robert T
Bought by
Turfe Robert T

Purchase Details

Closed on
May 10, 2021
Sold by
Turfe Robert T and Turfe Summer S
Bought by
Turfe Robert T and Turfe Summer S

Purchase Details

Closed on
Feb 17, 2021
Sold by
Turfe Robert T and Turfe Summer S
Bought by
Turfe Robert T

Purchase Details

Closed on
Feb 16, 2011
Sold by
Kies Robert B and The Forrest Story Trust
Bought by
The Forrest Story Trust

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
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Hart Garrett Stephen and Palleschi Patricia
Bought by
Kies Robert B and The Forrest Story Trust

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
6.12%
Mortgage Type
Purchase Money Mortgage
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
Pazirandeh Family Trust $14,250,000 Fidelity National Title
Bernard Huberman Administrative Trust $13,400,000 Endpoint Title
Turfe Robert T -- None Available
Turfe Robert T -- None Available
Turfe Robert T -- None Available
The Forrest Story Trust -- Ticor Title Company Of Ca
The Forrest Story Trust -- Ticor Title Company Of Ca
Kies Robert B -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Forrest Story Trust $5,000,000
Previous Owner Kies Robert B $5,300,000
Previous Owner Kies Robert B $5,000,000
Previous Owner Hart Garrett Stephen $960,000
Previous Owner Hart Garrett Stephen $980,000
Previous Owner Hart Garrett Stephen $1,020,000
Previous Owner Hart Garrett Stephen $1,100,000
Previous Owner Hart Garrett Stephen $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $14,250,000 -10.8% $2,071 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $15,975,000 +19.2% $2,322 / Sq Ft
04/08/2022 04/08/22 Sold $13,400,000 -0.7% $1,982 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
09/23/2021 09/23/21 For Sale $13,500,000 -- $1,997 / 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 $171,730 $13,271,825 $8,061,605 $5,210,220
2024 $171,730 $14,250,000 $9,985,900 $4,264,100
2023 $164,712 $13,668,000 $8,609,514 $5,058,486
2022 $123,198 $10,503,938 $7,280,942 $3,222,996
2021 $121,746 $10,297,979 $7,138,179 $3,159,800
2020 $123,038 $10,192,387 $7,064,986 $3,127,401
2019 $118,057 $9,992,537 $6,926,457 $3,066,080
2018 $113,750 $9,467,000 $6,382,300 $3,084,700
2016 $102,034 $8,525,000 $5,747,200 $2,777,800
2015 $90,163 $7,527,988 $5,100,000 $2,427,988
2014 $91,612 $7,480,428 $5,100,000 $2,380,428
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-288869

The MLS

APN: 4425-002-032