NOT LISTED FOR SALE

368 S Rimpau Blvd Los Angeles, CA 90020

Hancock Park Neighborhood

Estimated Value: $6,914,000 - $10,642,619

7 Beds
7.5 Baths
10,581 Sq Ft
$836/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $8,000,000 $756 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $55,554/month

113 Days on Market

Highlights

  • Detached Guest House
  • Home Theater
  • Primary Bedroom Suite
  • Third Street Elementary School Rated A
  • Heated In Ground Pool
  • Views of Trees

About This Home

As of July 2016

ASKING PRICE SLASHED! BRING ALL OFFERS! Prestigious Hancock Park Mediterranean estate incorporates a modern lifestyle in a time honored and well designed home. This newly re-imagined 1960 to 2016 Italian Contemporary Mediterranean boasts expert attention to detail and design. Californian indoor outdoor living is perpetuated to its fullest and can be seen from the mesmerizing two story foyer. The elegant 1,700 plus master bedroom suite features high ceilings and dual bathroom suites. One of the unique features of this home includes a balcony for each 2nd floor room that overlooks the spacious grounds. Room on the property for a full car collection. Located in one of the most significant areas of Hancock Park, this estate unlike any of its kind is fitted to be "The Duke" of Hancock Park.

Last Agent to Sell the Property

Betsy Malloy

Christie's International Real Estate SoCal License #01293183 Listed on: 01/07/2016

Co-Listed By

Brandon Cohan

Hilton & Hyland License #01903949

Last Buyer's Agent

Marcie Hartley

Carolwood Estates License #01358268

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $110,897

Year Built

  • Built in 1964

Lot Details

  • 0.54 Acre Lot
  • Property is zoned LARE15

Parking

  • 3 Car Garage

Property Views

  • Trees
  • Pool

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 10,581 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Bar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • Heated In Ground Pool
  • In Ground Spa

Additional Features

  • Covered Patio or Porch
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5505-009-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$110,897

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 10581
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood
  • Bedrooms: 7
  • Fireplaces: 3
  • Full Bathroom: 7
  • Half Bathroom: 1
  • Bedroom Features: Master Suite
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Formal Dining Rm
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Equipment: Alarm System, Dishwasher, Freezer, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 845.86

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Pool, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5505-009-006
  • Geocode Override: No
  • Lot Size Area: 23570

Rental Info

  • Furnished: Furnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2016
Closed on
Jun 16, 2016
Sold by
Claudian Lp
Bought by
Kim Young Son and Cho Min Jung
Seller's Agent
Betsy Malloy
Christie's International Real Estate SoCal
Buyer's Agent
Marcie Hartley
Carolwood Estates
List Price
$10,995,000
Sold Price
$8,000,000
Premium/Discount to List
-$2,995,000
-27.24%
Current Estimated Value
$8,848,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$848,206
Avg. Annual Appreciation
1.09%
Original Mortgage
$5,600,000
Outstanding Balance
$4,470,004
Interest Rate
3.66%
Mortgage Type
Commercial
Estimated Equity
$4,378,202

Purchase Details

Closed on
Sep 4, 2015
Sold by
Rosha Udi and Rosha Cathlene
Bought by
Claudian Lp

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
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2015
Sold by
Claudian Lp
Bought by
Rosha Udi and Rosha Cathlene

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
5.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2013
Closed on
Nov 6, 2013
Sold by
Turner Lee and Turner Annetta
Bought by
Claudian Lp
Seller's Agent
Betsy Malloy
Christie's International Real Estate SoCal
Buyer's Agent
Betsy Malloy
Christie's International Real Estate SoCal
List Price
$4,350,000
Sold Price
$3,625,000
Premium/Discount to List
-$725,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%

Purchase Details

Closed on
Jun 26, 1997
Sold by
Turner Lee and Turner Annetta
Bought by
Turner Lee and Turner Annetta
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
Kim Young Son $8,000,000 None Available
Claudian Lp -- Title 365
Rosha Udi -- Title 365
Claudian Lp $3,625,036 Equity Title Company
Turner Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Young Son $5,600,000
Previous Owner Rosha Udi $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2016 07/14/16 Sold $8,000,000 -10.6% $756 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/12/2016 04/12/16 Price Changed $8,950,000 -10.5% $846 / Sq Ft
02/11/2016 02/11/16 Price Changed $9,995,000 -9.1% $945 / Sq Ft
01/07/2016 01/07/16 For Sale $10,995,000 +203.3% $1,039 / Sq Ft
12/04/2013 12/04/13 Sold $3,625,000 -6.9% $507 / Sq Ft View Prior Sale
09/04/2013 09/04/13 Pending -- -- --
07/12/2013 07/12/13 Price Changed $3,895,000 -10.5% $545 / Sq Ft
05/22/2013 05/22/13 For Sale $4,350,000 -- $609 / 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 $110,897 $9,284,683 $5,570,810 $3,713,873
2024 $110,897 $9,102,631 $5,461,579 $3,641,052
2023 $108,705 $8,924,149 $5,354,490 $3,569,659
2022 $103,581 $8,749,166 $5,249,500 $3,499,666
2021 $102,327 $8,577,615 $5,146,569 $3,431,046
2019 $99,219 $8,323,200 $4,993,920 $3,329,280
2018 $98,759 $8,160,000 $4,896,000 $3,264,000
2016 $45,848 $3,753,812 $3,003,050 $750,762
2015 $45,175 $3,697,427 $2,957,942 $739,485
2014 $45,291 $3,625,000 $2,900,000 $725,000
Source: Public Records

Agents Affiliated with this Home

  • Betsy Malloy

    Seller's Agent in 2016

    Betsy Malloy

    Christie's International Real Estate SoCal

    (323) 806-0203

    4 in this area

    11 Total Sales

    Betsy Malloy
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Brandon Cohan

    Hilton & Hyland

  • Marcie Hartley

    Buyer's Agent in 2016

    Marcie Hartley

    Carolwood Estates

    (310) 691-5950

    1 in this area

    33 Total Sales

    Marcie Hartley
    Section Image

  • L

    Seller Co-Listing Agent in 2013

    Lee Turner

    Lee Turner

See All Agents

Map

Source: The MLS

MLS Number: 16-969725

The MLS

APN: 5505-009-006

California Los Angeles County Los Angeles 90020 Hancock Park

368 S Rimpau Blvd, Los Angeles, CA

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