NOT LISTED FOR SALE

Estimated Value: $8,569,000 - $21,698,083

6 Beds
10 Baths
8,434 Sq Ft
$1,794/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $20,000,000 $2,371 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $101,553/month

Highlights

  • Wine Cellar
  • Heated In Ground Pool
  • Fireplace in Primary Bedroom
  • Warner Avenue Elementary Rated A
  • City Lights View
  • Traditional Architecture

About This Home

As of April 2023

Situated in one of the most exclusive enclaves of prime Bel Air, with sweeping South and West facing views of the famous Bel Air Country Club and the city lights below. This extremely private family home is an exquisite architectural gem, and a rare find. Available for short or long-term lease, it comes fully staffed with a housekeeper, garden staff and benefits from private street security. Please note price per month will vary dependent on length of lease.A short walk away from the exclusive Hotel Bel Air, with ample indoor and outdoor space perfectly interwoven; it feels spacious, elegant and yet feels luxuriously welcoming. Blending elegance with informality, the 1932 Monterey Colonial architecture is meticulously blended with modern updates, so that the soft oak flooring feels warm as you tread it barefoot and the light breeze blows across the continuous surrounding porches. A true dream home in both look and feel.There's 6 bedrooms (6 of which are ensuite), one formal living room, two informal TV rooms, a custom library, exquisite bar, 11 bathrooms (in total), a kitchen, a dining room, an office, a gym and a wine cellar. As well as garage and parking for up to 8 cars. The old world sophistication is paired with the latest technology; air conditioning, fiber optic Internet, state-of-the art TVs (equipped with Apple TV) and smart home technology controlled by iPads and phones.Outdoors, amidst the mature landscaping, you'll find two separate outdoor lounge areas, an outdoor dining deck with city views, two fire-pit seating nooks, a chef's kitchen, a heated pool and a hot-tub. Designed to be stunning by day and by night, the designer lighting illuminates the garden, the outdoor dining deck and around the pool for memorable al fresco nights at home.

Last Agent to Rent the Property

David Parnes

Carolwood Estates License #01905862 Listed on: 03/09/2023

Co-Listed By

SUZANNAH MURPHY

THE AGENCY License #02121177

Last Renter's Agent

Aaron Kirman

Christie's International Real Estate SoCal License #01296524

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $251,081

Year Built

  • Built in 1932

Lot Details

  • 0.72 Acre Lot
  • Property is zoned LARE20

Property Views

  • City Lights
  • Golf Course
  • Hills

Home Design

  • Traditional Architecture

Interior Spaces

  • 8,434 Sq Ft Home
  • Furnished
  • Built-In Features
  • Bar
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Gym
  • Alarm System
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 10 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 6 Car Garage
  • Driveway

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Fire Pit
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $95,000
  • 12 Month Lease Term
  • Assessor Parcel Number 4362-003-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$251,081

Year Built

Built in 1932

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 95000

Listing Details

  • Property Type: Residential Lease
  • Style: Traditional
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 8434
  • Lot Acreage: 0.7227
  • Year Built: 1932
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Rooms: Fire Pit, Family Room, Master Bedroom, Living Room
  • Flooring: Wood, Stone, Tile
  • Bedrooms: 6
  • Full Bathroom: 10
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Dishwasher, Built-Ins, Washer
  • Price Per S Q F T: 11.26

Exterior Features

  • Pool Description: In Ground, Heated, Salt/Saline
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: City, City Lights, Golf Course, Hills
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Driveway, Garage
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4362-003-033
  • Lot Size Area: 31482

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Gray Jonathan
Bought by
Salter Matthew
Current Estimated Value
$15,133,542

Purchase Details

Listed on
Apr 29, 2021
Closed on
Sep 29, 2021
Sold by
Gray Chloe
Bought by
Gray Jonathan
Seller's Agent
Hugh Evans
Compass
Buyer's Agent
David Parnes
Carolwood Estates
List Price
$23,950,000
Sold Price
$20,000,000
Premium/Discount to List
-$3,950,000
-16.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.35%
Original Mortgage
$12,000,000
Interest Rate
2.01%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 31, 2021
Sold by
Murray Palmer and The Palmer Murray Living Trust
Bought by
Gray Jonathan
Seller's Agent
Hugh Evans
Compass
Buyer's Agent
David Parnes
Carolwood Estates
List Price
$23,950,000
Sold Price
$20,000,000
Premium/Discount to List
-$3,950,000
-16.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
2.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2011
Sold by
Murray Palmer and The Palmer Murray Living Trust
Bought by
Murray Palmer and The Palmer Murray 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
$2,000,000
Interest Rate
4.01%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 7, 2011
Sold by
Berson Steven B and The Eig Trust
Bought by
Murray Palmer and The Palmer Murray Living Trust

Purchase Details

Closed on
Feb 12, 2009
Sold by
Sassa Scott M and Sassa Ellen M
Bought by
Lane Jeff W and The Eig Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2007
Sold by
Sassa Scott M and Sassa Ellen M
Bought by
Sassa Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2004
Sold by
Sassa Scott and Sassa Ellen
Bought by
Sassa Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.06%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 28, 2004
Sold by
Beverly Hills Properties Llc
Bought by
Sassa Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.06%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 29, 1999
Sold by
Bedrosian John C and Bedrosian Judith
Bought by
Beverly Hills Properties Inc

Purchase Details

Closed on
May 28, 1999
Sold by
Trust Hazard Richard P And Jeanne Trs Ha
Bought by
Bedrosian John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.87%

Purchase Details

Closed on
Aug 24, 1995
Sold by
Hazard Richard P and Hazard Jeanne T
Bought by
Hazard Richard P

Purchase Details

Closed on
Aug 23, 1995
Sold by
Grace Charles Macdonald and Grace Margaret Vanderpool
Bought by
Hazard Richard P

Purchase Details

Closed on
Dec 25, 1993
Sold by
Hazard Richard P and Hazard Jeanne T
Bought by
Hazard Richard P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.88%

Purchase Details

Closed on
Nov 17, 1993
Sold by
Hazard Richard P
Bought by
Hazard Richard P and Hazard Jeanne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Salter Matthew $21,875,000 Chicago Title
Gray Jonathan -- Lawyers Title
Gray Jonathan $20,000,000 Lawyers Title
Murray Palmer -- Fidelity National Title Co
Murray Palmer $11,065,000 Equity Title
Lane Jeff W -- First American Title Co La
Sassa Scott M -- Accommodation
Sassa Scott M -- Chicago Title Co
Sassa Scott M -- --
Sassa Scott -- Provident Title Company
Beverly Hills Properties Inc -- Chicago Title Co
Bedrosian John C -- Equity Title
Hazard Richard P -- Equity Title
Hazard Richard P -- Equity Title
Hazard Richard P -- --
Hazard Richard P -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray Jonathan $12,000,000
Previous Owner The Palmer Murray Living Trust Establish $750,000
Previous Owner Murray Palmer $2,000,000
Previous Owner Lane Jeff W $6,000,000
Previous Owner Sassa Scott M $300,000
Previous Owner Sassa Scott M $5,000,000
Previous Owner Sassa Scott M $2,500,000
Previous Owner Sassa Scott $1,100,000
Previous Owner Beverly Hills Properties Llc $3,975,113
Previous Owner Bedrosian John C $2,000,000
Previous Owner Hazard Richard P $1,100,000
Previous Owner Hazard Richard P $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Rented $90,000 -5.3% --
03/09/2023 03/09/23 For Rent $95,000 -36.7% --
06/15/2022 06/15/22 Price Changed $150,000 0.0% $18 / Sq Ft
05/31/2022 05/31/22 Rented $150,000 +50.0% --
05/20/2022 05/20/22 For Rent $100,000 0.0% --
10/04/2021 10/04/21 Sold $20,000,000 -16.5% $2,371 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $23,950,000 -- $2,840 / 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 $251,081 $22,312,500 $16,320,000 $5,992,500
2024 $251,081 $20,808,000 $15,606,000 $5,202,000
2023 $246,130 $20,400,000 $15,300,000 $5,100,000
2022 $234,572 $20,000,000 $15,000,000 $5,000,000
2021 $152,296 $12,839,853 $9,358,647 $3,481,206
2019 $147,628 $12,459,017 $9,081,065 $3,377,952
2018 $147,183 $12,214,723 $8,903,005 $3,311,718
2016 $140,856 $11,740,413 $8,557,292 $3,183,121
2015 $138,771 $11,564,062 $8,428,754 $3,135,308
2014 $139,119 $11,337,539 $8,263,647 $3,073,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-249389

The MLS

APN: 4362-003-033