NOT LISTED FOR SALE

Estimated Value: $7,760,000 - $8,831,000

7 Beds
9.5 Baths
7,410 Sq Ft
$1,106/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $6,126,000 $827 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $50,033/month

231 Days on Market

Highlights

  • Detached Guest House
  • In Ground Pool
  • Primary Bedroom Suite
  • Third Street Elementary School Rated A
  • Gourmet Kitchen
  • Automatic Gate

About This Home

As of December 2020

Exquisite remodelled Contemporary Mediterranean in the heart of Hancock Park. Enter through a private courtyard into a soaring foyer, where an abundance of natural light & an open-concept floor plan awaits. The formal living & dining rooms seamlessly flow into the great room, w/ custom Fleetwood doors that open up to the expansive deck & gardens- offering a perfect indoor/outdoor lifestyle. Highlights include a gourmet kitchen w/ Italian cabinetry, wide-plank hardwood floors throughout, beautiful marble fireplaces & SMART home system. The master suite rivals the finest hotels, w/ a large outdoor terrace & designer-inspired closet & bathroom. 5 addl bedrooms complete the property, all w/ ensuite bathrooms. The backyard is an entertainer's paradise & boasts a resort-style pool & spa, outdoor living room & kitchen as well as a detached guest house & gym. A rare opportunity to own a property rich in the finest fixtures & finishes, in one of Los Angeles' finest neighborhoods.

Last Agent to Sell the Property

Aaron Kirman

Christie's International Real Estate SoCal License #01296524 Listed on: 03/31/2020

Christie's International Real Estate SoCal

Co-Listed By

Verna Helbling

Christie's International Real Estate SoCal License #01338275

Last Buyer's Agent

Joseph Mayberg

License #01227745

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,183

Year Built

  • Built in 1925

Lot Details

  • 0.34 Acre Lot
  • West Facing Home
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Driveway
  • Automatic Gate

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,410 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Decorative Fireplace
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Office
  • Home Gym
  • Views of Woods

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

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

Home Security

  • Smart Home
  • Alarm System

Pool

  • In Ground Pool
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Deck
  • Open Patio
  • Gazebo
  • Outdoor Grill

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5507-016-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,183

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Street Number Display: Yes
  • Living Area: 7410
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins, Detached/No Common Walls, High Ceilings (9 Feet+), Home Automation System, Open Floor Plan
  • Fireplace Rooms: Decorative, Living Room, Master Bedroom, Patio
  • Flooring: Hardwood, Tile
  • Bedrooms: 7
  • Fireplaces: 3
  • Full Bathroom: 9
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Kitchen Features: Gourmet Kitchen
  • Laundry: On Upper Level, Room
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 876.52

Exterior Features

  • Direction Faces: West
  • Other Structures: Gazebo, GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Deck(s)
  • Pool Description: In Ground, Waterfall, Private
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Auto Driveway Gate, Driveway, Garage - 2 Car, Garage Is Detached, Gated
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central, Fireplace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5507-016-007
  • Geocode Override: No
  • Lot Size Area: 15000

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2020
Closed on
Nov 23, 2020
Sold by
313 S La Peer Dr Llc
Bought by
Lipsker Yossef and Lipsker Gila
Seller's Agent
Aaron Kirman
Christie's International Real Estate SoCal
Buyer's Agent
Joseph Mayberg
List Price
$6,999,000
Sold Price
$6,126,000
Premium/Discount to List
-$873,000
-12.47%
Current Estimated Value
$7,971,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,845,457
Avg. Annual Appreciation
6.38%
Original Mortgage
$3,000,000
Outstanding Balance
$2,642,933
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$5,549,259

Purchase Details

Listed on
Dec 22, 2015
Closed on
Jan 21, 2016
Sold by
Seto Aimee
Bought by
313 S La Peer Dr Llc
Seller's Agent
Lisa Hutchins
Coldwell Banker Realty
Buyer's Agent
Basya Gradon
Compass
List Price
$2,995,000
Sold Price
$3,125,000
Premium/Discount to List
$130,000
4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.85%

Purchase Details

Closed on
May 21, 2013
Sold by
Seto Aimee
Bought by
Seto Aimee and Aimee Seto Revocable Trust Family Trust

Purchase Details

Closed on
Oct 24, 2012
Sold by
Tanaka Wesley T and Nozawa Family Trust
Bought by
Seto Aimee
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
Lipsker Yossef $6,126,000 Fidelity National Title
313 S La Peer Dr Llc $3,125,000 Equity Title Los Angeles
Seto Aimee -- None Available
Seto Aimee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipsker Yossef $3,000,000
Previous Owner 313 S La Peer Dr Llc $1,550,000
Previous Owner Nozawa Kimiko $890,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $6,126,000 -5.7% $827 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
09/29/2020 09/29/20 Price Changed $6,495,000 -7.2% $877 / Sq Ft
03/31/2020 03/31/20 For Sale $6,999,000 +124.0% $945 / Sq Ft
02/01/2016 02/01/16 Sold $3,125,000 +4.3% $552 / Sq Ft
12/30/2015 12/30/15 Pending -- -- --
12/22/2015 12/22/15 For Sale $2,995,000 -- $529 / 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 $79,183 $6,630,977 $5,007,329 $1,623,648
2024 $79,183 $6,500,959 $4,909,147 $1,591,812
2023 $77,627 $6,373,490 $4,812,890 $1,560,600
2022 $73,981 $6,248,520 $4,718,520 $1,530,000
2021 $73,078 $6,126,000 $4,626,000 $1,500,000
2020 $50,071 $4,082,789 $2,706,080 $1,376,709
2019 $48,067 $4,002,735 $2,653,020 $1,349,715
2018 $39,591 $3,251,250 $2,601,000 $650,250
2016 $4,864 $356,008 $115,541 $240,467
2015 $4,798 $350,661 $113,806 $236,855
2014 $4,823 $343,793 $111,577 $232,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-567688

The MLS

APN: 5507-016-007