$7,350,000
SOLD JUN 3, 2014
5 Beds
7 Baths
9,811 Sq Ft
16.16 Acres

Recently Sold

$749 Per Sq Ft

26% Below List Price

194 Days on Market

Highlights

  • Wine Cellar
  • In Ground Pool
  • City View
  • Home Theater
  • Gated Parking
  • 704,121 Sq Ft lot

About This Home

As of June 2014

Located in the prestigious celebrity enclave of Nichols Canyon, 2450 Solar Drive is one of the most recognizable compounds in the Hollywood Hills. With approximately 16.3-acres of endless possibilities and incredible one-of-a-kind views of the city, ocean, and hills; this rare estate is incomparable to anything on the market. Once behind the private gates, a circular drive leads to a dramatic, two-story foyer. Immense scale and high-end finishes can be found throughout this 9,811 square foot estate with five bedrooms and seven bathrooms. Currently there is a proposed new parcel map, which would create three new buildable lots. The Knoll at 0 Solar Drive (MLS# 13-699353), which is an approximately 3.89-acre promontory, is available for purchase at $3,100,000. Please contact the listing agent for more information.

Last Agent to Sell the Property

Joseph Babajian

Rodeo Realty License #00813384 Listed on: 08/14/2013

Rodeo Realty

Co-Listed By

Aaron Kirman

Christie's International Real Estate SoCal License #01296524

Last Buyer's Agent

Ben Bacal

Revel Real Estate License #01437782

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $154,269

Year Built

  • Built in 1995

Lot Details

  • 16.16 Acre Lot
  • Gated Home
  • Property is zoned LARE40

Property Views

  • City
  • Canyon

Home Design

  • Contemporary Architecture

Interior Spaces

  • 9,811 Sq Ft Home
  • 3-Story Property
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Den
  • Home Gym
  • Breakfast Area or Nook
  • Alarm System
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 7 Bathrooms

Parking

  • Attached Garage
  • Circular Driveway
  • Gated Parking

Outdoor Features

  • In Ground Pool
  • Open Patio

Additional Features

  • Ground Level Unit
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5571-025-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$154,269

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Levels: Ground Level
  • Street Number Display: Yes
  • Living Area: 9811
  • Stories: 3
  • Year Built: 1995
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Stone
  • Bedrooms: 5
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Alarm System
  • Price Per S Q F T: 1007.85

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Private
  • Pool: Yes
  • View: Canyon, City
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Circular Driveway, Garage - 4+ Car, Gated

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 5571-025-042
  • Geocode Override: No
  • Lot Size Area: 704121

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2014
Sold by
Faf Canyon Llc
Bought by
Runyon Nkms Llc
Current Estimated Value
$9,209,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,695,000
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 6, 2013
Sold by
Fort Ashford Funds Llc
Bought by
Faf Canyon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200,000
Interest Rate
4.13%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 6, 2011
Sold by
Drive Llc
Bought by
Fort Ashford Funds Llc

Purchase Details

Closed on
Sep 7, 2010
Sold by
Fort Ashford Funds Llc
Bought by
Solar Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 26, 2010
Sold by
Giliberti Shauna
Bought by
Fort Ashford Funds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 13, 2010
Sold by
Bowen Darnell
Bought by
Troy Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 27, 2010
Sold by
Troy Gary
Bought by
Bowen Darnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 1, 2010
Sold by
Dcl Capital Funding Lp
Bought by
Diversified Land Acquisitions Llc

Purchase Details

Closed on
Jan 13, 2010
Sold by
Diversified Land Acquisitions Llc
Bought by
Troy Gary

Purchase Details

Closed on
Nov 29, 2007
Sold by
Giliberti Shauna
Bought by
Fort Ashford Funds Llc and Fort Ashford Fund I Lp

Purchase Details

Closed on
Apr 6, 2004
Sold by
Toubes Alejandro N and Toubes Viviana N
Bought by
Devine Timothy C and Giliberti Shauna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,405,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $10,300,103 Fatco
Grant Deed -- First American Title Ins Co
Trustee Deed $2,823,046 Stewart Title
Grant Deed -- Stewart Title Of California
Grant Deed -- Stewart Title Of California
Trustee Deed $300,000 Stewart Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Trustee Deed $1,250,000 None Available
Grant Deed $3,700,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Open $7,700,000 New Conventional
Closed $6,000,000 Commercial
Closed $1,200,000 Commercial
Closed $450,000 Construction
Closed $6,580,000 Commercial
Closed $5,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $6,695,000 Construction
Previous Owner $5,200,000 Unknown
Previous Owner $2,500,000 Seller Take Back
Previous Owner $326,500 Unknown
Previous Owner $301,500 Unknown
Previous Owner $160,000 Unknown
Previous Owner $2,500,000 Unknown
Previous Owner $0 Unknown
Previous Owner $8,000,000 Unknown
Previous Owner $2,405,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Rented $25,000 0.0% --
06/08/2015 06/08/15 Under Contract -- -- --
04/01/2015 04/01/15 For Rent $25,000 0.0% --
06/03/2014 06/03/14 Sold $7,350,000 -25.7% $749 / Sq Ft
08/14/2013 08/14/13 For Sale $9,888,000 -- $1,008 / 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 $154,269 $7,687,992 $5,412,160 $2,275,832
2024 $154,269 $12,608,211 $7,408,292 $5,199,919
2023 $150,265 $12,360,992 $7,263,032 $5,097,960
2022 $116,976 $9,862,380 $7,140,000 $2,722,380
2021 $112,415 $9,399,813 $7,134,800 $2,265,013
2019 $108,967 $9,121,012 $6,923,179 $2,197,833
2018 $112,234 $8,942,170 $6,787,431 $2,154,739
2016 $103,844 $8,594,937 $6,523,868 $2,071,069
2015 $102,318 $8,465,834 $6,425,874 $2,039,960
2014 -- $4,098,523 $2,561,577 $1,536,946
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-699337

The MLS

APN: 5571-025-042