NOT LISTED FOR SALE

702 N Rodeo Dr Beverly Hills, CA 90210

Estimated Value: $9,042,000 - $11,651,614

5 Beds
5.5 Baths
6,921 Sq Ft
$1,440/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $10,550,000 $1,524 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $62,690/month

2 Days on Market

Highlights

  • Guest House
  • Sound Studio
  • Filtered Pool
  • Beverly Hills High School Rated A
  • Home Theater
  • Views of Trees

About This Home

As of November 2023

Situated in Beverly Hills' esteemed 700 block of North Rodeo Drive, this celebrity compound radiates luxury on a sprawling 17,000 square foot corner lot. Meticulously landscaped, the property exudes a tropical resort ambience, complete with a pristine tiled pool, spa, adjoining gym and office. The estate boasts a separate guest house and a state-of-the-art recording studio, recognized for hosting rock legends. With parking for 8+ vehicles and multiple access points, this gem is moments away from the heart of the Golden Triangle.

Last Agent to Sell the Property

Michael Rabbani

Rodeo Realty License #01942087 Listed on: 10/05/2023

Rodeo Realty

Last Buyer's Agent

Michael Rabbani

Rodeo Realty License #01942087 Listed on: 10/05/2023

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 90x208
  • Property is zoned BHR1*

Home Design

  • Contemporary Architecture

Interior Spaces

  • 6,921 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Formal Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Sound Studio
  • Utility Room
  • Home Gym
  • Views of Trees
  • Alarm System
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Studio bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Waterfall Pool Feature
  • Pool Tile

Additional Features

  • Covered Patio or Porch
  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4344-024-001

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6921
  • Lot Acreage: 0.3902
  • Lot Dimensions: 90x208
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Stone Tile, Wood, Travertine
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Area, Formal Dining Rm
  • Laundry: Inside, Room
  • Total Bathrooms: 6.00
  • Equipment: Refrigerator, Range/Oven, Freezer, Dishwasher, Dryer, Washer, Gas Dryer Hookup, Built-Ins, Alarm System
  • Price Per S Q F T: 1588.64

Exterior Features

  • Other Structures: GuestHouse, Other
  • Pool Description: Heated And Filtered, Tile, Heated with Gas, Filtered, Heated, Waterfall, In Ground, Private
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage - 3 Car
  • Total Parking: 2

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4344-024-001
  • Lot Size Area: 17000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Oct 11, 2023
Sold by
702 Syl Llc
Bought by
Tehrani Payam M
Seller's Agent
Michael Rabbani
Rodeo Realty
Buyer's Agent
Michael Rabbani
Rodeo Realty
List Price
$10,995,000
Sold Price
$10,550,000
Premium/Discount to List
-$445,000
-4.05%
Views
172
Current Estimated Value
$9,965,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$584,795
Avg. Annual Appreciation
-2.58%
Original Mortgage
$6,857,500
Outstanding Balance
$6,718,214
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$3,246,991

Purchase Details

Listed on
Jan 16, 2020
Closed on
Feb 6, 2020
Sold by
Vermillion Inc
Bought by
Shamtobi Nazanin and Ns Childrens Irrevocable Trust
Seller's Agent
Markus Canter
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Michael Rabbani
Rodeo Realty
List Price
$8,500,000
Sold Price
$8,750,000
Premium/Discount to List
$250,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$4,375,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2011
Sold by
Vermillion Inc
Bought by
Vermillion Inc

Purchase Details

Closed on
Feb 8, 2003
Sold by
B U M Inc
Bought by
Vermillion Inc

Purchase Details

Closed on
Aug 21, 1998
Sold by
Blanc Noel
Bought by
B U M Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tehrani Payam M $10,550,000 Progressive Title Company
Shamtobi Nazanin $8,750,000 California Title Company
Vermillion Inc $3,635,536 First American Title Insuran
Vermillion Inc $3,049,000 Chicago Title Insurance Co
B U M Inc $2,700,000 Provident Title Company
Blanc Noel -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tehrani Payam M $6,857,500
Previous Owner Shamtobi Nazanin $4,375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2023 11/01/23 Sold $10,550,000 -4.0% $1,524 / Sq Ft
10/07/2023 10/07/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $10,995,000 0.0% $1,589 / Sq Ft
11/01/2022 11/01/22 Rented $25,000 -3.8% --
08/02/2022 08/02/22 Price Changed $26,000 -8.8% $4 / Sq Ft
07/21/2022 07/21/22 For Rent $28,500 +18.8% --
04/01/2021 04/01/21 Rented $24,000 0.0% --
02/03/2021 02/03/21 Price Changed $24,000 -14.3% $3 / Sq Ft
01/08/2021 01/08/21 For Rent $28,000 +12.0% --
06/08/2020 06/08/20 Rented $25,000 -10.7% --
03/06/2020 03/06/20 For Rent $28,000 0.0% --
03/04/2020 03/04/20 Sold $8,750,000 +2.9% $1,264 / Sq Ft View Prior Sale
02/02/2020 02/02/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $8,500,000 -- $1,228 / 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 $126,988 $10,761,000 $9,913,686 $847,314
2024 $126,988 $10,550,000 $9,719,300 $830,700
2023 $114,661 $9,501,606 $7,461,606 $2,040,000
2022 $107,826 $9,017,461 $7,209,641 $1,807,820
2021 $104,712 $8,840,649 $7,068,276 $1,772,373
2020 $50,076 $4,175,383 $3,340,308 $835,075
2019 $48,798 $4,093,513 $3,274,812 $818,701
2018 $46,821 $4,013,249 $3,210,600 $802,649
2016 $44,946 $3,857,412 $3,085,930 $771,482
2015 $43,024 $3,799,471 $3,039,577 $759,894
2014 $41,581 $3,725,045 $2,980,036 $745,009
Source: Public Records

Agents Affiliated with this Home

  • Michael Rabbani

    Seller's Agent in 2023

    Michael Rabbani

    Rodeo Realty

    (310) 499-8835

    7 in this area

    13 Total Sales

    Michael Rabbani
    Section Image

  • B

    Buyer's Agent in 2022

    Bachir Oueida

    Douglas Elliman

    (310) 271-2229

    17 Total Sales

    Bachir Oueida
    Section Image

  • V

    Buyer's Agent in 2021

    Vincent Serhan

    Vista Sotheby's International Realty

  • Markus Canter

    Seller's Agent in 2020

    Markus Canter

    Berkshire Hathaway HomeServices California Properties

    (310) 704-4248

    10 in this area

    111 Total Sales

    Markus Canter
    Section Image
  • Cristie St. James

    Seller Co-Listing Agent in 2020

    Cristie St. James

    Berkshire Hathaway HomeServices California Properties

    (310) 291-1029

    9 in this area

    114 Total Sales

    Cristie St. James
    Section Image
  • Michael Phillips

    Buyer's Agent in 2020

    Michael Phillips

    Crosby Doe Associates, Inc.

    (310) 927-9189

    1 in this area

    11 Total Sales

    Michael Phillips
    Section Image
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Map

Source: The MLS

MLS Number: 23-317459

The MLS

APN: 4344-024-001

California Los Angeles County Beverly Hills 90210

702 N Rodeo Dr, Beverly Hills, CA

Not Listed for Sale

Detached

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