$2,295,000
SOLD AUG 20, 2024
5 Beds
3 Baths
3,368 Sq Ft
0.35 Acres

Recently Sold

$681 Per Sq Ft

12% Below List Price

26 Days on Market

Highlights

  • Guest House
  • View of Catalina
  • Hilltop Location
  • In Ground Pool
  • 0.35 Acre Lot
  • Living Room with Fireplace

About This Home

As of August 2024

Back on the market $200,000 price reduction. Restore this Hollywood Hills Legend back to its original beauty! Set on top of the world is a picturesque private promontory with close to 360 degree views of the Hollywood sign, Griffith Park Observatory, Downtown LA, Hollywood Bowl, and all the way across Los Angeles and the scintillating water to Catalina Island and beyond. What more can you ask for. Oh, yes, a huge 15,235 sft lot with a pool, ideally situated at the end of a cull de sac for builders to develop a trophy property; for those on the hunt for themselves, this could work extremely well by taking advantage and building a dream home at a fraction of the cost of purchasing it already built. This bit of paradise has not been on the market since the boom of the 1950's, and owned by Hollywood era actors Myrna Loy, Eugene Iglesias, and the elusive "Roro," often confused with Zoro. This unique property is surrounded by homes in the tens of millions of dollars and abuts the Hollywood Bowl with steps that lead to views of the iconic concert stage allowing one to take in the sounds of some of the best artists and classical music in the world. At 3,368sft, the main house is Spanish in style, with, 5 bedrooms, 3 bathrooms, with a guest house on the far side of the pool. When gazing out into the open, panoramic view from the terrace, a giddy feeling of joy, happiness and endless possibilities wash over like the tide graced by the setting Southern California sun. Carve this rock into a work of art that will become a Hollywood Hills legend in its own right. Make this yours.

Last Agent to Sell the Property

Emmanuel Xuereb

Compass License #01845114 Listed on: 06/21/2024

Compass

Co-Listed By

Salvator Xuereb

Compass License #02040807

Last Buyer's Agent

Rochelle Ryberg

Keller Williams Realty Los Feliz License #02128409

Keller Williams Realty Los Feliz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,073

Year Built

  • Built in 1937

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 139x109
  • Cul-De-Sac
  • Hilltop Location
  • Value in Land
  • Tear Down
  • Property is zoned LARE9

Parking

  • 3 Car Attached Garage

Property Views

  • Catalina
  • Panoramic
  • City
  • Views of a landmark
  • Hills

Home Design

  • Spanish Architecture
  • Split Level Home
  • Fixer Upper

Interior Spaces

  • 3,368 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • In Ground Pool
  • Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5549-014-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,073

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Great property to build a stunning home.
  • Exclusions: Contact agents
  • Living Area: 3368
  • Lot Acreage: 0.3499
  • Lot Dimensions: 139x109
  • Property Condition: Tear Down, Value Mainly In Land, Fixer
  • Stories: 2
  • Year Built: 1937
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 5
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 712.29

Exterior Features

  • Other Structures: GuestHouse
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: Catalina, Panoramic, Landmark, Hills, City
  • View: Yes

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 3

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5549-014-027
  • Lot Location: Cul-De-Sac, Hilltop
  • Lot Size Area: 15240

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Aug 13, 2024
Sold by
Olivarez Adan Rolando
Bought by
Los Tilos Llc
Seller's Agent
Emmanuel Xuereb
Compass
Buyer's Agent
Rochelle Ryberg
Keller Williams Realty Los Feliz
List Price
$2,599,000
Sold Price
$2,295,000
Premium/Discount to List
-$304,000
-11.7%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
Original Mortgage
$289,500
Outstanding Balance
$286,786
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$2,147,078

Purchase Details

Closed on
May 29, 2024
Sold by
Eugene Lucian Iglesias Living Trust and George William C
Bought by
Olivarez Adan Rolando

Purchase Details

Closed on
Mar 30, 2006
Sold by
Iglesias Eugene L
Bought by
Iglesias Eugene Lucian and Eugene Lucian Iglesias Living

Purchase Details

Closed on
Aug 14, 2003
Sold by
Iglesias Eugene L
Bought by
Iglesias Eugene L and Olivarez Adan Rolando

Purchase Details

Closed on
Feb 16, 1996
Sold by
Iglesias Eugene L
Bought by
Iglesias Eugene L and Burdge Howard L
Source: Public Records

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Range of Values:

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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 $2,295,000 Consumers Title Company
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- First Southwestern Title
Interfamily Deed Transfer -- First Southwestern Title
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $289,500 Seller Take Back
Open $2,460,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $4,369,000 +90.4% $1,101 / Sq Ft
08/20/2024 08/20/24 Sold $2,295,000 -4.3% $681 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/15/2024 07/15/24 Price Changed $2,399,000 -7.7% $712 / Sq Ft
07/15/2024 07/15/24 For Sale $2,599,000 0.0% $772 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $2,599,000 -- $772 / 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
2024 $3,073 $196,074 $64,865 $131,209
2023 $3,030 $192,231 $63,594 $128,637
2022 $2,945 $188,463 $62,348 $126,115
2021 $2,890 $184,769 $61,126 $123,643
2019 $2,753 $179,291 $59,314 $119,977
2018 $2,642 $175,776 $58,151 $117,625
2016 $2,469 $168,952 $55,894 $113,058
2015 $2,439 $166,415 $55,055 $111,360
2014 $2,459 $163,156 $53,977 $109,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-406839

The MLS

APN: 5549-014-027