NOT LISTED FOR SALE

229 S Mccadden Place Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $5,186,571 - $7,899,000

5 Beds
4.5 Baths
5,126 Sq Ft
$1,256/Sq Ft Est. Value

Last Sold July 15, 2014

Last sale price $3,509,000 $685 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $38,077/month

8 Days on Market

Highlights

  • Attached Guest House
  • Lap Pool
  • Family Room with Fireplace
  • Third Street Elementary School Rated A
  • Contemporary Architecture
  • Marble Flooring

About This Home

As of July 2014

Grand Historic 1920's Hancock Park Mediterranean Estate Offering The Glamour of A Bygone Era With All Of Today's Finest Luxuries. Your Formal Foyer Presents The Elegant Beamed Ceiling Living Room w Huge Mosaic Fireplace and Separate Formal Library. The Over Sized Family Room Spills Out To Your Private Portico Overlooking The Private Hedged Backyard w Swimmers Pool, Bubbling Spa, Gas Fire Pit and Huge Grassy Yard. A Contemporary Chef's Kitchen Has All The Toys w/ Viking Stove, Viking Ovens, Separate Sub-Zero Fridge & Freezer, Viking Wine Fridge, Miele Cappuccino Mach & Walk-in Pantry. Your Formal Dining Is Just Off The Kitchen w A Storybook Window to the Front Gardens and Your Breakfast Room Opens To The Fire Pit Lounge Area & Resort Backyard. Grand Master Suite Awaits w Huge Walk-In Closet, Carrera Master Bath w Steam and Pvt Outdoor Patio. Two Big Kids Rooms Are Jack-N-Jill w the 4th En Suite Perfect For Guests. Maids/Guest Suite w Sep Entrance is 5th BR/BA Ideal For a Live-In.

Last Agent to Sell the Property

Jason Reitz

Rock Realty Group License #01147587 Listed on: 06/04/2014

Last Buyer's Agent

Lynn M Rogo

Compass License #01337553

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,419

Year Built

  • Built in 1928

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 76x174
  • Property is zoned LARE9

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,126 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Library
  • Bonus Room
  • Pool Views
  • Alarm System
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room

Parking

  • 3 Car Garage
  • Circular Driveway

Pool

  • Lap Pool
  • In Ground Pool
  • In Ground Spa
  • Above Ground Pool

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Additional Features

  • Open Patio
  • Attached Guest House

Listing and Financial Details

  • Assessor Parcel Number 5513-028-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,419

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Living Area: 5126
  • Lot Dimensions: 76x174
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Hardwood, Marble
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 662.31

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool Description: Above Ground, Lap Pool
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Pool
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Circular Driveway, Garage - 3 Car
  • Total Parking: 6

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5513-028-018
  • Geocode Override: No
  • Lot Size Area: 12189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2014
Sold by
Neustadter Scott
Bought by
Neustadter Family Trust
Current Estimated Value
$6,439,893

Purchase Details

Listed on
Jun 4, 2014
Closed on
Jun 19, 2014
Sold by
Landesman Mark
Bought by
Neustadter Scott and Neustadter Lauren
Seller's Agent
Jason Reitz
Rock Realty Group
Buyer's Agent
Lynn M Rogo
Compass
List Price
$3,395,000
Sold Price
$3,509,000
Premium/Discount to List
$114,000
3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$1,800,000
Outstanding Balance
$1,325,117
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,114,776

Purchase Details

Listed on
Mar 10, 2012
Closed on
Apr 19, 2012
Sold by
Mordecai David
Bought by
Landesman Mark and 229 S Mccadden Trust
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Jason Reitz
Rock Realty Group
List Price
$2,939,000
Sold Price
$2,900,000
Premium/Discount to List
-$39,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$1,885,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2007
Sold by
Hamaoui Ness D and Hamaoui Family Trust
Bought by
Mordecai David

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
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2007
Sold by
Mordecai Odelia
Bought by
Mordecai David

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
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2006
Sold by
Hamaoui Alizabeth
Bought by
Hamaoui Ness David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,082,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2006
Sold by
Hamaoui Ness David
Bought by
Hamaoui Ness D and Hamaoui Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,082,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2005
Sold by
Hamaoui Alizabeth
Bought by
Hamaoui Ness David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2005
Sold by
Weiss Joyce R and Liebhard Ellen M
Bought by
Hamaoui Ness David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2003
Sold by
Klein Joseph and Klein Living Trust
Bought by
Klein Joseph and Klein Living Trust

Purchase Details

Closed on
Jan 2, 2003
Sold by
Hamaoui Ness David
Bought by
Hamaoui Ness D and The Hamaoui Family Trust

Purchase Details

Closed on
Mar 25, 1994
Sold by
Klein Joseph
Bought by
Klein Joseph
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
Neustadter Family Trust -- Accommodation
Neustadter Scott $3,509,000 None Available
Landesman Mark $2,900,000 Provident Title Company
Mordecai David $3,500,000 Equity Title Company
Mordecai David -- Equity Title Company
Hamaoui Ness David -- Equity Title
Hamaoui Ness D -- None Available
Hamaoui Ness David -- Equity Title
Hamaoui Ness David -- Equity Title
Hamaoui Ness David $2,300,000 Equity Title
Klein Joseph -- --
Hamaoui Ness D -- --
Klein Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neustadter Scott $1,800,000
Previous Owner Landesman Mark $1,885,000
Previous Owner Mordecai David $1,500,000
Previous Owner Mordecai David $500,000
Previous Owner Hamaoui Ness David $2,082,000
Previous Owner Hamaoui Ness David $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2014 07/15/14 Sold $3,509,000 +3.4% $685 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $3,395,000 +17.1% $662 / Sq Ft
04/27/2012 04/27/12 Sold $2,900,000 -1.3% $566 / Sq Ft View Prior Sale
04/06/2012 04/06/12 Pending -- -- --
03/10/2012 03/10/12 For Sale $2,939,000 -- $573 / 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 $50,419 $4,217,286 $2,403,698 $1,813,588
2024 $50,419 $4,134,595 $2,356,567 $1,778,028
2023 $49,438 $4,053,525 $2,310,360 $1,743,165
2022 $47,134 $3,974,045 $2,265,059 $1,708,986
2021 $46,561 $3,896,124 $2,220,647 $1,675,477
2019 $45,163 $3,780,565 $2,154,782 $1,625,783
2018 $44,944 $3,706,437 $2,112,532 $1,593,905
2016 $42,996 $3,562,512 $2,030,500 $1,532,012
2015 $42,364 $3,509,000 $2,000,000 $1,509,000
2014 $36,679 $2,971,428 $2,049,261 $922,167
Source: Public Records

Agents Affiliated with this Home

  • Jason Reitz

    Seller's Agent in 2014

    Jason Reitz

    Rock Realty Group

    (323) 656-1800

    69 Total Sales

    Jason Reitz
    Section Image

  • L

    Buyer's Agent in 2014

    Lynn M Rogo

    Compass

    (310) 230-5478

    51 Total Sales

    Lynn M Rogo
    Section Image
  • Mark Rogo

    Buyer Co-Listing Agent in 2014

    Mark Rogo

    Compass

    (213) 280-6415

    60 Total Sales

    Mark Rogo
    Section Image
  • Sheri Bienstock

    Seller's Agent in 2012

    Sheri Bienstock

    The Bienstock Group

    (323) 310-2525

    49 in this area

    218 Total Sales

    Sheri Bienstock
    Section Image
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Map

Source: The MLS

MLS Number: 14-766381

The MLS

APN: 5513-028-018

California Los Angeles County Los Angeles 90004 Hancock Park

229 S Mccadden Place, Los Angeles, CA

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