NOT LISTED FOR SALE

4938 Rubio Ave Encino, CA 91436

Estimated Value: $2,359,000 - $5,030,000

6 Beds
4 Baths
4,000 Sq Ft
$825/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $1,650,000 $412 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $19,087/month

171 Days on Market

Highlights

  • Guest House
  • In Ground Pool
  • Views of Trees
  • Gaspar De Portola Middle School Rated A-
  • Gated Parking
  • 26,752 Sq Ft lot

About This Home

As of June 2020

ATTN ALL DEVELOPERS: HUGE DEVELOPMENT OPPORTUNITY. 1st time property has been available for over 40 years. Well known Producer's home and privacy compound. This private, gated estate is the perfect opportunity to develop with an ample lot size and the availability to adjoin the buildings on the property. Current TENANT is paying 10K a month. Two grand gates open up to a 50 yd long driveway up to 40 spots leading to the property that encompasses 2,800 square feet of living space with 3 bedrooms and 2 bathrooms. Secured with security systems and an intercom, this property allows for privacy and safety. In addition to the main house, there are 2 guest houses. The first is a 600 sq ft. pool house with 1 bedroom and 2 baths. The second is an 800 sq ft. studio divided into 2 separate rooms. A very large garage that can be altered.This is the perfect property for large families (the buildings can be adjoined), film companies and especially developers.

Last Agent to Sell the Property

Joshua Altman

Douglas Elliman of California, Inc. License #01764587 Listed on: 01/02/2020

Douglas Elliman of California, Inc.

Co-Listed By

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Last Buyer's Agent

Marisa Rokstad

Douglas Elliman License #01894858

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,705

Year Built

  • Built in 1940

Lot Details

  • 0.61 Acre Lot
  • Property is zoned LAR1

Interior Spaces

  • 4,000 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Great Room with Fireplace
  • Living Room
  • Dining Room
  • Views of Trees

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Slate Flooring

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 40 Car Detached Garage
  • Driveway
  • Gated Parking
  • On-Street Parking

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2259-017-035

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,705

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tear-Down
  • Street Number Display: Yes
  • Advertising Remarks: ATTN ALL DEVELOPERS: HUGE DEVELOPMENT OPPORTUNITY. 1st time property has been available for over 40 years. Well known Producer's home and privacy compound. This private, gated estate is the perfect opportunity to develop with an ample lot size and the availability to adjoin the buildings on the property. Current TENANT is paying 10K a month. Two grand gates open up to a 50 yd long driveway up to 40 spots leading to the property that encompasses 2,800 square feet of living space with 3 bedrooms and 2 bathrooms. Secured with security systems and an intercom, this property allows for privacy and safety. In addition to the main house, there are 2 guest houses. The first is a 600 sq ft. pool house with 1 bedroom and 2 baths. The second is an 800 sq ft. studio divided into 2 separate rooms. A very large garage that can be altered.This is the perfect property for large families (the buildings can be adjoined), film companies and especially developers.
  • Living Area: 4000
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Great Room
  • Flooring: Hardwood, Slate
  • Bedrooms: 6
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 575.00

Exterior Features

  • Other Structures: None
  • Pool Description: Private
  • Pool: Yes
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Detached, Driveway, Garage, Gated, On street
  • Total Parking: 40

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2259-017-035
  • Geocode Override: No
  • Lot Size Area: 26752

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
May 7, 2020
Sold by
Faraci Jane and The Erma J Paylow Living Trust
Bought by
Grossman Yosef and Tabach Michelle
Seller's Agent
Joshua Altman
Douglas Elliman of California, Inc.
Buyer's Agent
Marisa Rokstad
Douglas Elliman
List Price
$2,995,000
Sold Price
$1,650,000
Premium/Discount to List
-$1,345,000
-44.91%
Current Estimated Value
$3,301,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,651,049
Avg. Annual Appreciation
13.87%
Original Mortgage
$155,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2019
Sold by
Faraci Janel and Paylow Janel June
Bought by
Faraci Janel and Paylow Janel June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2004
Sold by
Paylow Erma J
Bought by
Paylow Erma J and Erma J Paylow Living Trust

Purchase Details

Closed on
May 27, 1998
Sold by
Paylow Erma J
Bought by
Paylow Erma J and The Erma J Paylow Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.1%

Purchase Details

Closed on
Oct 16, 1996
Sold by
Paylow Erma J
Bought by
Paylow Erma J and The Erma J Paylow Living Trust
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
Grossman Yosef $1,650,000 Fidelity National Title
Faraci Janel -- Provident Title Company
Paylow Erma J -- --
Paylow Erma J -- Fidelity National Title Co
Paylow Erma J -- Fidelity National Title Co
Paylow Erma J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grossman Yosef $155,000
Previous Owner Faraci Janel $300,000
Previous Owner Paylow Erma J $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2020 06/26/20 Sold $1,650,000 -28.3% $413 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
02/20/2020 02/20/20 Price Changed $2,300,000 -11.5% $575 / Sq Ft
01/20/2020 01/20/20 Price Changed $2,600,000 -13.2% $650 / Sq Ft
01/02/2020 01/02/20 For Sale $2,995,000 -- $749 / 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 $21,705 $4,934,261 $1,421,738 $3,512,523
2024 $21,705 $1,769,130 $1,393,861 $375,269
2023 $21,284 $1,734,442 $1,366,531 $367,911
2022 $20,294 $1,700,435 $1,339,737 $360,698
2021 $20,052 $1,667,094 $1,313,468 $353,626
2020 $18,767 $1,532,721 $1,244,796 $287,925
2019 $5,622 $446,886 $178,872 $268,014
2018 $5,444 $438,124 $175,365 $262,759
2016 $5,189 $421,112 $168,556 $252,556
2015 $5,115 $414,788 $166,025 $248,763
2014 $5,146 $406,664 $162,773 $243,891
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-539612

The MLS

APN: 2259-017-035