NOT LISTED FOR SALE

Estimated Value: $3,976,172 - $4,489,000

4 Beds
4 Baths
3,331 Sq Ft
$1,306/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $3,330,000 $1,000 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $26,680/month

81 Days on Market

Highlights

  • Ocean View
  • Spa
  • Family Room with Fireplace
  • John Marshall Senior High Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of March 2019

Designed by Morgan, Walls & Clements--architects for many of Los Angeles' iconic landmarks. Gated at the street and privately located at the end of a winding driveway in prime Los Feliz, this superb early Spanish Colonial villa circa 1922 is bathed in sunlight and has been gloriously restored to its original grandeur and updated for today's lifestyle featuring dazzling 180 degree views of the downtown skyline and LA basin. Picturesque courtyard leads to formal entry and entertainer's living room with barrel ceiling, fireplace, full wet bar and spectacular view. Stunning massive great room features new chef's kitchen with huge island and stainless top-brand appliances, fireplace and glass doors opening to huge patio and deck with views. Exquisite master with new gorgeous marble and hardwood bath and breathtaking views; plus 3 more guest bedrooms. Remarkable lot with mature landscape and meandering pathways and patios. Original hardwood floors, ironwork, and hardware. Extraordinary!

Last Agent to Sell the Property

Konstantine Valissarakos

Nourmand & Associates-HW License #01023114 Listed on: 12/07/2018

Co-Listed By

Richard Yohon

Sotheby's International Realty License #01276405

Last Buyer's Agent

Mo Hayat

Mora Partners, Inc. License #01386061

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,125

Year Built

  • Built in 1922

Lot Details

  • 0.29 Acre Lot
  • Property is zoned LARE11

Parking

  • 2 Car Direct Access Garage

Property Views

  • Ocean
  • City Lights
  • Views of a landmark

Home Design

  • Colonial Architecture

Interior Spaces

  • 3,331 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Formal Entry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Open Patio

Utilities

  • Two cooling system units
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5588-017-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,125

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish Colonial
  • Street Number Display: Yes
  • Living Area: 3331
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1046.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights, Landmark, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Direct Entrance, Garage - 2 Car
  • Total Parking: 3

Utilities

  • Cooling: Central, Dual
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5588-017-014
  • Geocode Override: No
  • Lot Size Area: 12787

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2018
Closed on
Mar 5, 2019
Sold by
Magnum Property Investments Llc
Bought by
Lion Ofer and Lion Jeanne
Seller's Agent
Konstantine Valissarakos
Nourmand & Associates-HW
Buyer's Agent
Mo Hayat
Mora Partners, Inc.
List Price
$3,487,000
Sold Price
$3,330,000
Premium/Discount to List
-$157,000
-4.5%
Current Estimated Value
$4,351,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,021,543
Avg. Annual Appreciation
4.16%
Original Mortgage
$2,664,000
Outstanding Balance
$2,337,339
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$2,014,204

Purchase Details

Listed on
Oct 20, 2016
Closed on
Dec 14, 2017
Sold by
Jackson Michelle Jannette and Kushner Family Trust
Bought by
Magnum Property Investments Llc
Seller's Agent
Thomas Masterani
Engel & Völkers Burbank
Buyer's Agent
Konstantine Valissarakos
Nourmand & Associates-HW
List Price
$3,080,000
Sold Price
$2,000,000
Premium/Discount to List
-$1,080,000
-35.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.61%

Purchase Details

Closed on
Dec 31, 2012
Sold by
Kushner David B and Kushner Denise D
Bought by
Kushner David B and Kushner Denise D

Purchase Details

Closed on
Jun 6, 2001
Sold by
Kushner Denise
Bought by
Kushner David Bruce
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
Lion Ofer $3,330,000 Fidelity National Title
Magnum Property Investments Llc $2,000,000 Fidelity National Title Comp
Kushner David B -- None Available
Kushner David B -- None Available
Kushner David Bruce -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lion Ofer $2,664,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2019 03/29/19 Sold $3,330,000 -4.5% $1,000 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $3,487,000 0.0% $1,047 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
12/07/2018 12/07/18 For Sale $3,487,000 +74.4% $1,047 / Sq Ft
01/25/2018 01/25/18 Sold $2,000,000 -16.5% $600 / Sq Ft View Prior Sale
12/11/2017 12/11/17 Pending -- -- --
05/02/2017 05/02/17 Price Changed $2,395,000 -11.1% $719 / Sq Ft
02/10/2017 02/10/17 Price Changed $2,695,000 -12.5% $809 / Sq Ft
10/20/2016 10/20/16 For Sale $3,080,000 -- $925 / 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 $44,125 $3,714,673 $2,708,812 $1,005,861
2024 $44,125 $3,641,838 $2,655,699 $986,139
2023 $43,258 $3,570,430 $2,603,627 $966,803
2022 $41,227 $3,500,423 $2,552,576 $947,847
2021 $40,733 $3,431,788 $2,502,526 $929,262
2019 $14,675 $2,103,040 $1,632,000 $471,040
2018 $24,751 $2,040,000 $1,479,000 $561,000
2016 $2,219 $161,083 $78,267 $82,816
2015 $2,190 $158,665 $77,092 $81,573
2014 $2,207 $155,558 $75,582 $79,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-413688

The MLS

APN: 5588-017-014