NOT LISTED FOR SALE

677 Nimes Rd Los Angeles, CA 90077

Bel Air Neighborhood

Estimated Value: $7,319,000 - $8,028,000

3 Beds
2 Baths
1,801 Sq Ft
$4,233/Sq Ft Est. Value

Last Sold January 14, 2015

Last sale price $5,250,000 $2,915 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $46,928/month

113 Days on Market

Highlights

  • Ocean View
  • Attached Guest House
  • Den
  • Warner Avenue Elementary Rated A
  • Midcentury Modern Architecture
  • Covered Patio or Porch

About This Home

As of January 2015

This explosive city view property is located through the prestigious East gate in prime lower Bel Air. Offering approx. ¾ of an acre the property is surrounded by some of the most expensive homes in the City. Build your dream home on one of the most distinguished streets & sought after neighborhoods in Los Angeles. Renderings shown here are a concept of what can be built on this site. No plans are currently available. Existing structure is a mid-century surrounded by lush greenery w/ an open floor plan, floor to ceilings windows, 2 bdrms, 2 baths & a den. A separate guest rm & bath plus abundant storage are also featured. A massive entertaining deck with kitchenette & built-in lounge area overlooks head-on views of the city & the verdant grounds. The property is terraced w/ a large flat pad on the lower portion of the site.

Last Agent to Sell the Property

Joseph Babajian

Rodeo Realty License #00813384 Listed on: 07/30/2014

Rodeo Realty

Last Buyer's Agent

Joseph Babajian

Rodeo Realty - Beverly Hills License #00813384

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $75,763

Year Built

  • Built in 1950

Lot Details

  • 0.73 Acre Lot
  • Property is zoned LARE20

Parking

  • Garage

Property Views

  • Ocean
  • City

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,801 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Security System Owned
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Covered Patio or Porch
  • Attached Guest House

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4362-017-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$75,763

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 1801
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 1
  • Fireplace: Yes
  • Price Per S Q F T: 3303.72

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool: No
  • View: City, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage

Utilities

  • Security: Owned

Lot Info

  • Assessor Parcel Number: 4362-017-008
  • Geocode Override: No
  • Lot Size Area: 32009

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2014
Closed on
Nov 21, 2014
Sold by
Shahi Kavian
Bought by
677 Nimes Rd Llc
Seller's Agent
Joseph Babajian
Rodeo Realty
Buyer's Agent
Joseph Babajian
Rodeo Realty
List Price
$5,950,000
Sold Price
$5,250,000
Premium/Discount to List
-$700,000
-11.76%
Current Estimated Value
$7,623,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,373,000
Avg. Annual Appreciation
5.36%

Purchase Details

Closed on
Nov 16, 2004
Sold by
Shahi Kavian and Shahi Parisa
Bought by
Shahi Kavian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2001
Sold by
Shahi Kavian and Kavian Shahi Trust
Bought by
Shahi Kavian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$942,000
Interest Rate
7.12%

Purchase Details

Closed on
Sep 8, 1999
Sold by
Shahi Kavian
Bought by
Shahi Kavian and Kavian Shahi Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
2.95%

Purchase Details

Closed on
Jan 19, 1999
Sold by
Shahi Kavian
Bought by
Shahi Kavian and Kavian Shahi Trust

Purchase Details

Closed on
Jan 8, 1998
Sold by
Shahi Effie
Bought by
Shahi Kavian

Purchase Details

Closed on
Nov 24, 1997
Sold by
Wells Fargo Bank Na
Bought by
Shahi Effie

Purchase Details

Closed on
Feb 13, 1996
Sold by
Backus Audrey
Bought by
Backus Audrey and First Interstate Bank
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
677 Nimes Rd Llc $5,250,000 Chicago Title Company
Shahi Kavian -- Alliance Title
Shahi Kavian -- First American Title Co
Shahi Kavian -- South Coast Title Company
Shahi Kavian -- South Coast Title Company
Shahi Kavian -- --
Shahi Kavian -- --
Shahi Effie -- --
Backus Audrey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 677 Nimes Rd Llc $1,000,000
Open 677 Nimes Rd Llc $15,000,000
Closed 677 Nimes Rd Llc $15,000,000
Closed 677 Nimes Rd Llc $11,400,000
Previous Owner Shahi Kayian $1,200,000
Previous Owner Shahi Kavian $1,500,000
Previous Owner Shahi Kavian $592,000
Previous Owner Shahi Kavian $600,000
Previous Owner Shahi Kavian $200,000
Previous Owner Shahi Kavian $942,000
Previous Owner Shahi Kavian $945,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2015 01/14/15 Sold $5,250,000 -11.8% $2,915 / Sq Ft
11/21/2014 11/21/14 For Sale $5,950,000 0.0% $3,304 / Sq Ft
11/20/2014 11/20/14 Pending -- -- --
07/30/2014 07/30/14 For Sale $5,950,000 -- $3,304 / 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 $75,763 $22,412,351 $5,037,671 $17,374,680
2024 $75,763 $6,260,421 $4,986,017 $1,274,404
2023 $74,276 $6,137,668 $4,888,252 $1,249,416
2022 $70,819 $6,017,322 $4,792,404 $1,224,918
2021 $70,012 $5,899,336 $4,698,436 $1,200,900
2019 $67,153 $5,656,300 $4,515,991 $1,140,309
2018 $66,988 $5,545,393 $4,427,443 $1,117,950
2016 $64,127 $5,330,061 $4,255,521 $1,074,540
2015 $19,363 $1,581,021 $1,461,454 $119,567
2014 $19,432 $1,550,052 $1,432,827 $117,225
Source: Public Records

Agents Affiliated with this Home

  • Joseph Babajian

    Seller's Agent in 2015

    Joseph Babajian

    Rodeo Realty

    (310) 623-8800

    8 in this area

    63 Total Sales

    Joseph Babajian
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Map

Source: The MLS

MLS Number: 14-781637

The MLS

APN: 4362-017-008

California Los Angeles County Los Angeles 90077 Bel Air

677 Nimes Rd, Los Angeles, CA

This home is located at 677 Nimes Rd, Los Angeles, CA 90077 since 30 July 2014 and is currently estimated at $7,623,000, approximately $4,232 per square foot. This property was built in 1950. 677 Nimes 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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