NOT LISTED FOR SALE

Estimated Value: $5,875,000 - $10,019,531

6 Beds
8 Baths
7,800 Sq Ft
$1,033/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $9,800,000 $1,256 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $51,443/month

62 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Built in 1921 | Newly Remodeled
  • Franklin Avenue Elementary Rated A-
  • Pool House
  • Gourmet Kitchen

About This Home

As of July 2023

This architecturally stunning 1920s Mediterranean Estate, on a rare 3/4 flat acre parcel with panoramic views from downtown to the ocean, has been meticulously restored and updated under the direction of renowned architect Richard Manion to create the ultimate in dreamy old Hollywood glamour with today's top curated style. Originally built for silent film director/composer Victor Schertzinger on exquisite parklike grounds, this unparalleled offering in prime Los Feliz is south facing and flooded with light. Romantic, beautiful, and private. Commanding views of downtown greet you at the original front door and entry with imported custom Portuguese tile wainscot and antique Dalle de Bourgogne limestone flooring. A grand living room with custom plaster ceiling has seven pairs of doors leading to inviting patios and viewing decks. An original Batchelder tiled wood-burning fireplace. The formal dining room boasts original stenciled wood-beamed ceiling, a 1920s Italian Neoclassical carved giltwood and iron 18 light chandelier, and dramatic views of downtown and the hills beyond. Christopher Peacock designed kitchen with white oak cabinetry, proprietary nickel hardware, custom pewter hood, and an integrated butcher block. 60" Bluestar platinum series ten burner range, Subzero refrigerators, refrigerator/freezer drawers, under-counter beverage refrigerator, and ice maker. The butler pantry has a custom marble sink, drying board, and nickel wire mesh cabinet fronts. Accordion windows provide easy pass-through of food for outdoor dining on the oversized patio. The kitchen also opens to a family room and informal dining room, creating a comfortable, stylish space for family and guests to hang out. The upstairs contains the primary suite which offers breathtaking views of the city, gas fireplace with limestone hearth and window benches with drawers. The primary bathroom has Thermasol steam shower, heated book-matched Carrera floors & wainscotting. There are three additional bedroom suites and a sizeable laundry room with 2 sets of side-by-side washers and dryers, built-in ironing center and custom cabinetry and linen storage. The third floor lower level opens to an entertainers' lounge with access to the backyard, a large gym with full bathroom, a screening room or recording studio, and a guest quarters/office suite with private entrance and access from Richland Ave. and a full separate kitchen featuring Bosch dishwasher, cooktop, pull out hood, refrigerator/freezer, bathroom and laundry hookup. Hotel style grounds include lush landscaping designed by Hoffman & Ospina Landscape Architects, 4 working bronze and Malibu tile fountains, 3 of them original to the property and painstakingly restored, and a dramatic lyre-shaped pool rebuilt to its original beauty but with added spa and water feature. There are also two detached guest cottages both with views, bathrooms, and heat and air, and a pool pavilion with outdoor shower. Other features include: New roof with original 100-year-old tile saved and replaced. New electrical 600 amp service. 6 HVAC systems trenched to the rear of the yard. New custom wood windows with integrated pull-down screens. Crestron Home automation System. Copper gutters. Plaster walls throughout. Custom, concealed, in-wall speakers. Designated area for 3-floor elevator. City views from all major rooms and bedrooms.

Last Agent to Sell the Property

Bryan Abrams

Sotheby's International Realty License #01238720 Listed on: 04/15/2023

Sotheby's International Realty

Last Buyer's Agent

Benjamin Russell

Douglas Elliman of California, Inc. License #02100634

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921 | Newly Remodeled

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions are 185x151
  • South Facing Home
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • 5 Open Parking Spaces
  • Gravel Driveway
  • Gated Parking

Property Views

  • Ocean
  • City Lights

Home Design

  • Mediterranean Architecture
  • Flat Roof Shape
  • Plaster Walls
  • Spanish Tile Roof
  • Plaster

Interior Spaces

  • 7,800 Sq Ft Home
  • 3-Story Property
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Family Room on Second Floor
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Library
  • Bonus Room
  • Workshop
  • Home Gym
  • Center Hall

Kitchen

  • Gourmet Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Double Convection Oven
  • Gas Oven
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • Powder Room
  • Maid or Guest Quarters
  • Double Vanity
  • Steam Shower

Laundry

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

Pool

  • Pool House
  • Cabana
  • Heated In Ground Pool
  • Fence Around Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Deck
  • Covered Patio or Porch

Additional Homes

  • Detached Guest House

Utilities

  • Zoned Heating and Cooling
  • Floor Furnace
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5592-024-015

Home Details

Home Type

Single Family

Year Built

Built in 1921 | Newly Remodeled

Lot Details

0.64 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Entry Location: Main Level
  • Living Area: 7800
  • Lot Acreage: 0.6375
  • Lot Dimensions: 185x151
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction, Updated/Remodeled
  • Stories: 3
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Coffered Ceiling(s), Crown Moldings, Mirrored Closet Door(s), Plaster Walls, Trey Ceiling(s), Pre-wired for surround sound, Pre-wired for high speed Data, High Ceilings (9 Feet+)
  • Fireplace Rooms: Wood Burning, Living Room, Master Bedroom, Gas
  • Flooring: Wood, Stone, Tile, Marble
  • Appliances: Convection Oven, Double Oven, Oven-Gas
  • Bedrooms: 6
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 2
  • Bedroom Features: Master Retreat
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Steam Shower, Remodeled
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar, Formal Dining Rm, Kitchen Island, Family Room
  • Kitchen Features: Gourmet Kitchen, Marble Counters, Open to Family Room, Pantry
  • Laundry: Room, On Upper Level, Inside
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Washer, Network Wire, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 1634.62
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction: Plaster
  • Other Structures: Accessory Bldgs, Accessory Dwelling Unit, Cabana, GuestHouse, Pool House
  • Guest House: Detached
  • Patio: Balcony, Covered, Deck(s), Living Room Balcony, Patio Open, Tile
  • Pool Description: Heated, Heated And Filtered, In Ground, Safety Fence, Private
  • Pool: Yes
  • Roof: Flat, Spanish Tile
  • Spa: Heated with Gas, In Ground, Private
  • Spa Yn: Yes
  • View: City, Ocean, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 5
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached, Gated, Driveway - Gravel
  • Total Parking: 7

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central, Multi/Zone
  • Heating: Central, Floor
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Front, Rear, Sprinkler System
  • Assessor Parcel Number: 5592-024-015
  • Lot Description: 2-4 Lots
  • Lot Location: Corner Lot
  • Lot Size Area: 27772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2023
Closed on
Jun 26, 2023
Sold by
Vartanian-Kaloostian Talia
Bought by
Kaloostian Paul Edward
Seller's Agent
Bryan Abrams
Sotheby's International Realty
Buyer's Agent
Benjamin Russell
Douglas Elliman of California, Inc.
List Price
$12,750,000
Sold Price
$9,800,000
Premium/Discount to List
-$2,950,000
-23.14%
Views
117
Current Estimated Value
$8,055,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,744,117
Avg. Annual Appreciation
-7.13%
Original Mortgage
$2,500,000
Outstanding Balance
$2,423,936
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$5,631,947

Purchase Details

Closed on
Nov 16, 2021
Sold by
Bruce R Hatton Trust and Thomas F Young Trust
Bought by
Bruce R Hatton Trust and Thomas F Young Trust

Purchase Details

Listed on
Jun 26, 2015
Closed on
Nov 12, 2015
Sold by
Depietro Robert S and De Pietro Dennis G
Bought by
The Frances De Pietro Living Trust
Seller's Agent
Aaron Montelongo
Compass
Buyer's Agent
Bryan Abrams
Sotheby's International Realty
List Price
$6,250,000
Sold Price
$5,575,000
Premium/Discount to List
-$675,000
-10.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%

Purchase Details

Listed on
Jun 26, 2015
Closed on
Nov 11, 2015
Sold by
Depietro Robert S and De Pietro Dennis G
Bought by
Hatton Bruce R and Bruce R Hatton Trust
Seller's Agent
Aaron Montelongo
Compass
Buyer's Agent
Bryan Abrams
Sotheby's International Realty
List Price
$6,250,000
Sold Price
$5,575,000
Premium/Discount to List
-$675,000
-10.8%

Purchase Details

Closed on
Dec 30, 2005
Sold by
Depietro Frances and The De Pietro Survivors Trust
Bought by
Depietro Robert Salvatore and The Robert Salvatore De Pietro

Purchase Details

Closed on
Dec 4, 2001
Sold by
Depietro Frances and Depietro Trust Of 1985
Bought by
Depietro Frances and Depietro Survivors Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kaloostian Paul Edward -- Chicago Title Company
Bruce R Hatton Trust -- Accommodation/Courtesy Recordi
The Frances De Pietro Living Trust -- Equity Title
Hatton Bruce R $4,775,000 Equity Title Company
Depietro Robert Salvatore $600,000 --
Depietro Frances -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaloostian Paul Edward $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2023 07/27/23 Sold $9,800,000 -23.1% $1,256 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $12,750,000 +30.1% $1,635 / Sq Ft
05/12/2023 05/12/23 Off Market $9,800,000 -- --
04/15/2023 04/15/23 For Sale $12,750,000 +30.1% $1,635 / Sq Ft
03/26/2023 03/26/23 Off Market $9,800,000 -- --
11/23/2015 11/23/15 Sold $5,575,000 -6.3% $838 / Sq Ft View Prior Sale
09/15/2015 09/15/15 Price Changed $5,950,000 -4.8% $894 / Sq Ft
06/26/2015 06/26/15 For Sale $6,250,000 -- $939 / Sq Ft
Source: The MLS

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 $108,799 $9,180,000 $4,692,000 $4,488,000
2024 $108,799 $9,000,000 $4,600,000 $4,400,000
2023 $34,504 $2,818,332 $906,581 $1,911,751
2022 $32,895 $2,763,071 $888,805 $1,874,266
2021 $23,289 $1,926,835 $871,378 $1,055,457
2019 $22,592 $1,869,686 $845,534 $1,024,152
2018 $22,425 $1,833,026 $828,955 $1,004,071
2016 $20,640 $1,704,650 $1,287,728 $416,922
2015 $20,337 $1,679,046 $1,268,386 $410,660
2014 $20,397 $1,646,157 $1,243,541 $402,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-247701

The MLS

APN: 5592-024-015

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