NOT LISTED FOR SALE

Estimated Value: $7,473,000

7 Beds
12 Baths
11,749 Sq Ft
$636/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $21,000,000 $1,787 Per Sq Ft

Current estimated payment $46,589/month

134 Days on Market

Highlights

  • Detached Guest House
  • Tennis Courts
  • Cabana
  • Third Street Elementary School Rated A
  • Home Theater
  • Solar Power System

About This Home

As of January 2022

JUST REDUCED! One of the most spectacular properties ever offered in Hancock Park. Supreme estate compound w/multiple structures including a grand residence on 3 levels. Flat, sprawling corner lot w/2 parcels totaling over 1 acre. Designed in 1923 by famed architect Elmer Grey, the home underwent a major renovation/addition supervised by architect/builder Bill Baldwin w/luxurious interiors completed by eminent White House designer Michael Smith. Published in ARCHITECTURAL DIGEST, the home features numerous custom details including hardwood, crown molding, designer lighting, Venetian plaster, French doors, blown glass skylights & 8 fireplaces, all creating a stunning backdrop for large scale entertaining & comfortable living. Foyer w/marble & chandelier. Living room w/tray ceiling. Formal dining. Eat-in chefs kitchen w/state of the art appliances. Butlers pantry & bonus catering kitchen. Family room. Library. Remarkable 2-story gallery/salon w/wrought iron & music mezzanine. 6 ensuite bedrooms up. Primary w/sitting, opal white stone bath & walk-in dressing. Lower level w/theater, snack bar, playroom & storage. Guest house w/bath & hair salon. Huge motor court & 3-car garage. Enormous backyard w/patio, 2 grassy yards, pool, cabana, paddle tennis, herb & hedged secret garden. Walled & gated for privacy. Truly no expense spared. Many more details. Worthy of every superlative!

Last Agent to Sell the Property

Ed Solorzano

Berkshire Hathaway HomeServices California Properties License #01276829 Listed on: 07/12/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Joshua Altman

Douglas Elliman of California, Inc. License #01764587

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $241,887

Year Built

  • Built in 1923

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 150x200
  • Property is zoned LARE15

Parking

  • 3 Car Garage
  • Driveway
  • Gated Parking

Home Design

  • Mediterranean Architecture
  • Tile Roof

Interior Spaces

  • 11,749 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Formal Entry
  • Family Room with Fireplace
  • 8 Fireplaces
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Bonus Room
  • Utility Room
  • Home Gym
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Eco-Friendly Details

  • Solar Power System

Pool

  • Cabana
  • Heated In Ground Pool
  • Fence Around Pool
  • Pool Cover
  • Pool Tile
  • Spa

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Outdoor Grill

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5505-009-007

Community Details

Recreation

  • Sport Court

Additional Features

  • No Home Owners Association
  • Service Entrance

Home Details

Home Type

Single Family

Est. Annual Taxes

$241,887

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11749
  • Lot Acreage: 0.6818
  • Lot Dimensions: 150x200
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 3
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Guest House, Library, Living Room, Master Bedroom, Patio, Exterior, Great Room
  • Flooring: Carpet, Hardwood, Marble, Stone, Tile
  • Bedrooms: 7
  • Fireplaces: 8
  • Full Bathroom: 1
  • Half Bathroom: 4
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 7
  • Eating Areas: Formal Dining Rm, In Kitchen, Kitchen Island
  • Laundry: Room, On Upper Level
  • Total Bathrooms: 12.00
  • Equipment: Elevator, Alarm System, Bar Ice Maker, Barbeque, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Freezer, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1957.19

Exterior Features

  • Other Structures: Cabana, GuestHouse, Other
  • Tennis Court: Paddle, Sport Court
  • Tennis Court Y/N: Yes
  • Guest House: Detached
  • Pool Description: In Ground, Heated, Pool Cover, Safety Fence, Tile, Private
  • Pool: Yes
  • Roof: Tile
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Driveway - Pavers, Garage - 3 Car, Garage Is Detached, Gated, Oversized, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report, Methane Gas
  • Horses: No
  • Assessor Parcel Number: 5505-009-007
  • Lot Size Area: 49708

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2013
Closed on
Dec 16, 2013
Sold by
Co Newmark Development Llc
Bought by
Rhimes Ilee and The Margo Avery Trust
Seller's Agent
June Ahn
Coldwell Banker Realty
Buyer's Agent
Ed Solorzano
Berkshire Hathaway HomeServices California Properties
List Price
$8,999,000
Sold Price
$8,800,000
Premium/Discount to List
-$199,000
-2.21%
Current Estimated Value
$7,473,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,327,000
Avg. Annual Appreciation
-1.38%
Original Mortgage
$4,840,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 22, 2013
Sold by
Reback Alan M and Feltwell Trust
Bought by
Newmark Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 16, 2001
Sold by
Lowry Dick M and Lowry Patricia Johnson
Bought by
Reback Alan M and Feltwell Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.62%

Purchase Details

Closed on
Jun 22, 1994
Sold by
Household Finance Corp Of California
Bought by
Lowry Dick M and Lowry Patricia Johnson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,000
Interest Rate
5.87%

Purchase Details

Closed on
Mar 2, 1994
Sold by
Housekey Financial Corp
Bought by
Household Finance Corp Of California
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
Rhimes Ilee $8,800,088 Equity Title Los Angeles
Newmark Development Llc $8,000,000 Equity Title Los Angeles
Reback Alan M -- Equity Title
Lowry Dick M -- Commonwealth Land Title Co
Household Finance Corp Of California $260,021 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhimes Ilee $4,840,000
Previous Owner Newmark Development Llc $4,000,000
Previous Owner Reback Alan M $2,500,000
Previous Owner Lowry Dick M $796,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2022 01/04/22 Sold $21,000,000 -8.7% $1,787 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
10/06/2021 10/06/21 Price Changed $22,995,000 -8.0% $1,957 / Sq Ft
07/12/2021 07/12/21 For Sale $25,000,000 +184.1% $2,128 / Sq Ft
02/04/2014 02/04/14 Sold $8,800,000 -2.2% $1,048 / Sq Ft View Prior Sale
12/18/2013 12/18/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $8,999,000 +12.5% $1,072 / Sq Ft
05/07/2013 05/07/13 Sold $8,000,000 -3.6% $953 / Sq Ft View Prior Sale
02/22/2013 02/22/13 Pending -- -- --
01/31/2013 01/31/13 For Sale $8,295,000 -- $988 / 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 $241,887 $20,162,952 $13,265,100 $6,897,852
2024 $239,419 $19,767,600 $13,005,000 $6,762,600
2023 $234,680 $19,380,000 $12,750,000 $6,630,000
2022 $101,586 $8,531,349 $4,620,630 $3,910,719
2021 $100,319 $8,364,069 $4,530,030 $3,834,039
2019 $97,273 $8,115,988 $4,395,668 $3,720,320
2018 $83,991 $6,895,166 $4,309,479 $2,585,687
2016 $80,346 $6,627,421 $4,142,138 $2,485,283
2015 $79,161 $6,527,872 $4,079,920 $2,447,952
2014 $69,918 $5,625,424 $3,616,344 $2,009,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-758984

The MLS

APN: 5505-009-007