NOT LISTED FOR SALE

701 Nimes Rd Los Angeles, CA 90077

Bel Air Neighborhood

Estimated Value: $7,653,000 - $39,500,608

4 Beds
6 Baths
3,438 Sq Ft
$6,858/Sq Ft Est. Value

Last Sold March 13, 2017

Last sale price $7,800,000 $2,269 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $167,416/month

94 Days on Market

Highlights

  • In Ground Pool
  • City Lights View
  • Recreation Room
  • Warner Avenue Elementary Rated A
  • Family Room with Fireplace
  • Spanish Architecture

About This Home

As of March 2017

Graceful Mediterranean on famed Nimes Road. A remarkable Bel Air estate site on the market for the first time in over 40 years, this classic Spanish-style residence is ready to be reimagined. Treetop views open to a jewel-box panorama of city lights below. Picture your dream home set amidst this very private, secret garden escape with swimming pool, terracing, towering palms, and lush landscaping. A rare opportunity to purchase a close in and prime Bel Air hideaway that's just minutes from Beverly Hills and nestled among the most exclusive trophy properties.

Last Agent to Sell the Property

Joyce Rey

Coldwell Banker Realty License #00465013 Listed on: 12/06/2016

Coldwell Banker Realty

Last Buyer's Agent

Santiago Arana

The Agency License #01492489

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $441,948

Year Built

  • Built in 1931

Lot Details

  • 0.89 Acre Lot
  • Property is zoned LARE20

Parking

  • Carport

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,438 Sq Ft Home
  • 3-Story Property
  • Entryway
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Recreation Room
  • City Lights Views
  • Alarm System
  • Oven or Range
  • Laundry Room

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • 6 Full Bathrooms

Additional Features

  • In Ground Pool
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4362-017-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$441,948

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3438
  • Stories: 3
  • Year Built: 1931
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room
  • Flooring: Carpet, Ceramic Tile
  • Bedrooms: 4
  • Full Bathroom: 6
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Range/Oven, Refrigerator
  • Price Per S Q F T: 2690.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: City, City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Carport, Garage - 3 Car

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4362-017-013
  • Geocode Override: No
  • Lot Size Area: 38894

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2023
Sold by
Dolce Far Niente Llc
Bought by
Checkered Stripe Llc
Current Estimated Value
$23,576,804

Purchase Details

Listed on
Dec 6, 2016
Closed on
Mar 6, 2017
Sold by
Schmidt Linda L and The Milton Stark Family Revoca
Bought by
Dolce Far Niente Llc
Seller's Agent
Joyce Rey
Coldwell Banker Realty
Buyer's Agent
Santiago Arana
The Agency
List Price
$10,995,000
Sold Price
$7,800,000
Premium/Discount to List
-$3,195,000
-29.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.02%

Purchase Details

Closed on
Apr 10, 2007
Sold by
Stark Milton and Judith Stark Family Revocable
Bought by
Stark Milton and Judith Stark Family Revocable

Purchase Details

Closed on
Aug 3, 2006
Sold by
Stark Milton and Stark Milton
Bought by
Stark Milton and Judith Stark Family Revocable

Purchase Details

Closed on
Aug 5, 1993
Sold by
Stark Judith and Stark Milton
Bought by
Stark Judith and Stark Milton
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
Checkered Stripe Llc $36,750,000 Fidelity National Title
Dolce Far Niente Llc $7,800,000 Equity Title Company
Stark Milton -- None Available
Stark Milton -- None Available
Stark Judith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dolce Far Niente Llc $11,000,000
Previous Owner Dolce Far Niente Llc $9,339,000
Previous Owner Stark Milton R $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2017 03/13/17 Sold $7,800,000 -15.7% $2,269 / Sq Ft
01/30/2017 01/30/17 Price Changed $9,250,000 -7.5% $2,691 / Sq Ft
01/04/2017 01/04/17 Price Changed $9,995,000 -9.1% $2,907 / Sq Ft
12/06/2016 12/06/16 For Sale $10,995,000 -- $3,198 / 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 $441,948 $36,750,000 $21,750,000 $15,000,000
2023 $105,425 $8,701,045 $4,444,560 $4,256,485
2022 $100,510 $8,530,437 $4,357,412 $4,173,025
2021 $99,342 $8,363,174 $4,271,973 $4,091,201
2019 $96,280 $8,115,119 $4,145,265 $3,969,854
2018 $95,916 $7,956,000 $4,063,986 $3,892,014
2016 $8,043 $625,435 $300,294 $325,141
2015 $7,932 $616,042 $295,784 $320,258
2014 $7,977 $603,975 $289,990 $313,985
Source: Public Records

Agents Affiliated with this Home

  • Joyce Rey

    Seller's Agent in 2017

    Joyce Rey

    Coldwell Banker Realty

    (310) 273-3113

    6 in this area

    82 Total Sales

    Joyce Rey
    Section Image
  • Santiago Arana

    Buyer's Agent in 2017

    Santiago Arana

    The Agency

    (310) 926-9808

    3 in this area

    100 Total Sales

    Santiago Arana
    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Michael Pinero

    Coldwell Banker Realty

    Section Image
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Map

Source: The MLS

MLS Number: 16-185128

The MLS

APN: 4362-017-013

California Los Angeles County Los Angeles 90077 Bel Air

701 Nimes Rd, Los Angeles, CA

This home is located at 701 Nimes Rd, Los Angeles, CA 90077 since 06 December 2016 and is currently estimated at $23,576,804, approximately $6,857 per square foot. This property was built in 1931. 701 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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