$7,250,000
SOLD SEP 3, 2014

615 N Faring Rd Los Angeles, CA 90077

Beverly Crest Neighborhood
0.69 Acre
$10,471,154 Price per Acre
30,160 Sq Ft Lot

Recently Sold

$7,059 Per Sq Ft

15% Below List Price

46 Days on Market

About This Lot

As of September 2014

This home is located at 615 N Faring Rd, Los Angeles, CA 90077 and is currently priced at $7,250,000, approximately $7,059 per square foot. 615 N Faring Rd is a home located in Los Angeles County with nearby schools including Warner Avenue Elementary, Ralph Waldo Emerson Community Charter Middle School, and University High School Charter.

Last Agent to Sell the Property

JJ Picard

Douglas Elliman License #01890601 Listed on: 04/25/2014

Douglas Elliman

Last Buyer's Agent

JJ Picard

Douglas Elliman License #01890601 Listed on: 04/25/2014

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $353,100

Lot Details

  • 0.69 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 4358-002-018

Property Details

Property Type

Land

Est. Annual Taxes

$353,100

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 4358-002-018
  • Geocode Override: No
  • Lot Size Area: 30160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2019
Sold by
615 N Faring Road Llc
Bought by
Faring Hills Llc
Current Estimated Value
$5,248,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,650,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 25, 2014
Closed on
Aug 11, 2014
Sold by
Veracruz Llc
Bought by
615 N Faring Road Llc
Seller's Agent
JJ Picard
Douglas Elliman
Buyer's Agent
JJ Picard
Douglas Elliman
List Price
$8,500,000
Sold Price
$7,250,000
Premium/Discount to List
-$1,250,000
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.89%

Purchase Details

Closed on
Feb 15, 2005
Sold by
Kresa Kent and Kresa Family Trust
Bought by
Veracruz Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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 Type Sale Price Title Company
Grant Deed $7,650,000 First American Title
Grant Deed -- Old Republic Title Company
Grant Deed -- Stewart Title Of Ca Inc
Grant Deed -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,500,000 New Conventional
Closed $9,900,000 Small Business Administration
Closed $3,650,000 Purchase Money Mortgage
Previous Owner $2,000,000 Unknown
Previous Owner $1,600,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2014 09/03/14 Sold $7,250,000 -14.7% $7,059 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $8,500,000 -- $8,277 / 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 $353,100 $29,897,973 $8,533,718 $21,364,255
2024 $353,100 $29,311,740 $8,366,391 $20,945,349
2023 $127,203 $10,577,564 $8,202,345 $2,375,219
2022 $94,062 $8,041,515 $8,041,515 $0
2021 $92,985 $7,883,839 $7,883,839 $0
2020 $93,979 $7,803,000 $7,803,000 $0
2019 $92,057 $7,811,086 $7,811,086 $0
2018 $91,934 $7,657,928 $7,657,928 $0
2016 $88,174 $7,360,562 $7,360,562 $0
2015 $94,117 $7,250,000 $7,250,000 $0
2014 $65,244 $5,312,361 $3,206,438 $2,105,923
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    JJ Picard

    Douglas Elliman

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Map

Source: The MLS

MLS Number: 14-755493

The MLS

APN: 4358-002-018

California Los Angeles County Los Angeles 90077 Beverly Crest

615 N Faring Rd, Los Angeles, CA

This home is located at 615 N Faring Rd, Los Angeles, CA 90077 and is currently priced at $7,250,000, approximately $7,059 per square foot. 615 N Faring Rd is a home located in Los Angeles County with nearby schools including Warner Avenue Elementary, Ralph Waldo Emerson Community Charter Middle School, and University High School Charter.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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