NOT LISTED FOR SALE

Estimated Value: $1,800,000 - $2,283,000

3 Beds
3 Baths
2,300 Sq Ft
$862/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,810,000 $787 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,251/month

45 Days on Market

Highlights

  • Sound Studio
  • City Lights View
  • 1 Fireplace
  • Above Ground Spa
  • Contemporary Architecture
  • High Ceiling

About This Home

As of October 2022

Located in the highly desirable Lake Hollywood Manor and nestled into the hillside, this stunning contemporary, original owner home was custom built in 2008. Completely secluded with open land on both sides and surrounded by 25 caissons and massive retaining walls. There are amazing views of hillsides, mountains, trees, and city lights. Entering the home, you'll notice an open floorplan surrounded by windows with beautiful vistas. The living room, dining area, and kitchen are all integrated into one grand room with high ceilings. On the main level the master suite is serene with ample windows for natural light, views, high-pitched ceiling and privacy. There is even room for a desk and seating area. The attractive bathroom has a large glass shower with room for two, subway tiles, a rain showerhead, and double pedestal sinks. The guest bath is beautifully tiled with a tub and shower. On the lower level is the second guest bedroom suite. It has a separate entrance, outdoor seating area, and balcony. It is perfectly set up as an in-law suite, short or long-term rental. There is also a recording studio or bonus room attached. It is great for multipurpose use, such as a gym, office, or yoga. Outdoor living is at its best with a completely private backyard secluded by impressive retaining walls, and a side yard that leads to a spa that looks out to gorgeous views of the hillsides, and the famous Cahuenga Peak Wisdom Tree. The location is ideal; shopping is convenient, 5 mins close to Ralph's Market, Von's, Trader Joe's, and Whole Foods. Walking distance to hiking trails, the lake, the Hollywood Sign, and even the dog park. Major Studio-close to Universal, Warner Bros, Disney, and Netflix. A rare find in the Hollywood Hills!

Last Agent to Sell the Property

Tom Otero

Rodeo Realty License #01153440 Listed on: 08/16/2022

Rodeo Realty

Last Buyer's Agent

John Afzali

Landmark Realty & Mortgage License #01712439

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,522

Year Built

  • Built in 2008 | Remodeled

Lot Details

  • 4,519 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Property Views

  • City Lights
  • Woods
  • Mountain
  • Hills

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • 1 Fireplace
  • Dining Area
  • Sound Studio
  • Storage
  • Alarm System

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Pool

  • Above Ground Spa

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5579-001-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,522

Year Built

Built in 2008 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 2300
  • Lot Acreage: 0.1037
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 2008
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Turnkey, Storage Space, High Ceilings (9 Feet+)
  • Flooring: Mixed
  • Appliances: Cooktop - Gas, Built-Ins
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Open to Family Room
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Built-Ins, Garbage Disposal, Gas Dryer Hookup, Microwave, Dishwasher, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 802.17

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa: Above Ground
  • Spa Yn: Yes
  • View: Hills, Trees/Woods, Mountains, City Lights, Fields
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5579-001-005
  • Lot Size Area: 4519

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2025
Sold by
Welty Michael Vance
Bought by
Michael Vance Welty Irrevocable Trust and Shaw
Current Estimated Value
$1,981,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Outstanding Balance
$1,850,000
Interest Rate
6.58%
Mortgage Type
Seller Take Back
Estimated Equity
$131,930

Purchase Details

Listed on
Aug 16, 2022
Closed on
Sep 29, 2022
Sold by
Binikos Michael
Bought by
Welty Michael Vance
Seller's Agent
Tom Otero
Rodeo Realty
Buyer's Agent
John Afzali
Landmark Realty & Mortgage
List Price
$1,890,000
Sold Price
$1,810,000
Premium/Discount to List
-$80,000
-4.23%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.07%

Purchase Details

Closed on
Aug 17, 2001
Sold by
Fiduciary Realty Services
Bought by
Binikos Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
6.99%

Purchase Details

Closed on
Apr 11, 2000
Sold by
Patterson Trust
Bought by
Fiduciary Realty Services and The Patterson Living Trust
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
Michael Vance Welty Irrevocable Trust $1,850,000 None Listed On Document
Welty Michael Vance $1,810,000 Progressive Title
Binikos Michael $35,000 Equity Title
Fiduciary Realty Services -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael Vance Welty Irrevocable Trust $1,850,000
Previous Owner Binikos Michael $19,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $1,810,000 -1.9% $787 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $1,845,000 -2.4% $802 / Sq Ft
08/16/2022 08/16/22 For Sale $1,890,000 -- $822 / 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 $22,522 $1,883,123 $1,416,504 $466,619
2024 $22,522 $1,846,200 $1,388,730 $457,470
2023 $22,082 $1,810,000 $1,361,500 $448,500
2022 $6,185 $499,203 $237,609 $261,594
2021 $6,102 $489,415 $232,950 $256,465
2019 $5,923 $474,901 $226,042 $248,859
2018 $5,836 $465,590 $221,610 $243,980
2016 $5,564 $447,512 $213,005 $234,507
2015 $5,485 $440,791 $209,806 $230,985
2014 $5,508 $432,158 $205,697 $226,461
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-190131

The MLS

APN: 5579-001-005