NOT LISTED FOR SALE

725 N Faring Rd Los Angeles, CA 90077

Beverly Crest Neighborhood

Estimated Value: $7,008,000 - $13,681,336

7 Beds
7.5 Baths
7,400 Sq Ft
$1,319/Sq Ft Est. Value

Highlights

  • Detached Guest House
  • Filtered Pool
  • City Lights View
  • Warner Avenue Elementary Rated A
  • Two Primary Bedrooms
  • 35,493 Sq Ft lot

About This Home

As of August 2021

A majestic gate provides a cinematic entry to a world class estate located in the affluent neighborhood of Holmby Hills across from Harvard Westlake.Completely remodeled in 2008 w/modern high-end finishes & designed w/elegance & sophistication. The first floor features a stately living room w/fireplace,formal dining room,gourmet professional chef's kitchen,wine cellar,walk-in refrigerator,bedroom suite/office & an entertainers' family room w/ dual French doors that open to a magnificent backyard.The 2nd floor features 5 wonderful bedroom suites,including 2 grand master suites,all w/ exceptionally romantic & relaxing views. Gorgeous hillside landscaping,stone paths to seating areas w/ views. Private meditation area w/views of lush park-like grounds which overlooks the sparkling swimming pool while tending your very own tranquil gardens. Outdoor entertaining area complete w/BBQ dining, spa tub,waterfall w/pond. Accompanied by a grandiose guest house w/high ceilings & shower w/ skylight.

Last Agent to Rent the Property

Vangelis Korasidis

Coldwell Banker Realty License #01222626 Listed on: 07/02/2021

Coldwell Banker Realty

Last Renter's Agent

Vangelis Korasidis

Coldwell Banker Realty License #01222626 Listed on: 07/02/2021

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,005

Year Built

  • Built in 1959

Lot Details

  • 0.81 Acre Lot
  • Lot Dimensions are 194x180
  • Property is zoned LARE20

Property Views

  • City Lights
  • Trees

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,400 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library

Kitchen

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

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Car Attached Garage
  • Garage Door Opener
  • Driveway

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Phone System
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Detached Guest House

Community Details

  • Outdoor Cooking Area

Listing and Financial Details

  • Security Deposit $80,000
  • Tenant pays for cable TV, gas, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 4358-001-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,005

Year Built

Built in 1959

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 80000
  • Tenant Pays: Cable TV, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Traditional
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 7400
  • Lot Dimensions: 194x180
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood, Stone Tile
  • Bedrooms: 7
  • Fireplaces: 3
  • Full Bathroom: 7
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Room
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Barbeque, Cable, Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Garbage Disposal, Microwave, Phone System, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 6.08

Exterior Features

  • Guest House: Detached
  • Pool Description: Filtered, Heated
  • Pool: Yes
  • Roof: Composition, Shingle
  • Spa: Private
  • Spa Yn: Yes
  • View: City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Door Opener, Driveway, Garage, Garage - 3 Car, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street

Association/Amenities

  • Amenities: Outdoor Cooking Area
  • Pet Rules: Call

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4358-001-012
  • Lot Size Area: 35493

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2019
Sold by
Fang Xiaorui and Yang Hang
Bought by
Fang Xiaorui and 2019 Xiaorui Fang Trust
Current Estimated Value
$9,762,779

Purchase Details

Closed on
Dec 9, 2015
Sold by
Yang Ruixiang
Bought by
Fang Xiaorui and Yang Hang

Purchase Details

Closed on
Aug 2, 2010
Sold by
Craig Colleen
Bought by
Yang Ruixiang and Fang Xiaorui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$968,142
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$8,794,637

Purchase Details

Closed on
Aug 21, 2003
Sold by
Brown Michael D
Bought by
Craig Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2002
Sold by
Brown Michael D
Bought by
Brown Michael D and Brown Wanda A

Home Financials for this Owner

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

Purchase Details

Closed on
Dec 26, 2001
Sold by
Brown Michael D
Bought by
Brown Michael D and Brown Wanda A

Purchase Details

Closed on
Jun 1, 2000
Sold by
Brown Wanda A
Bought by
Brown Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,000
Interest Rate
8.27%

Purchase Details

Closed on
May 5, 2000
Sold by
Ourian Farshid
Bought by
Brown Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,000
Interest Rate
8.27%

Purchase Details

Closed on
Mar 7, 1996
Sold by
Topa Thrift & Loan Assn
Bought by
Ourian Farshid and Ourian Soheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 11, 1995
Sold by
Schweitzer Winnie
Bought by
Topa Thrift & Loan Assn

Purchase Details

Closed on
Jul 27, 1994
Sold by
Schweitzer M Peter
Bought by
Schweitzer Winnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,895,000
Interest Rate
8.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 13, 1993
Sold by
Topa Real Estate Lending Inc
Bought by
Topa Thrift & Loan Assn
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
Fang Xiaorui -- None Available
Fang Xiaorui -- None Available
Yang Ruixiang $5,100,051 Fatcola
Craig Colleen -- California Title Company
Brown Michael D -- North American Title Co
Brown Michael D -- North American Title Co
Brown Michael D -- --
Brown Michael D -- --
Brown Michael D $2,550,000 Progressive Title Company
Ourian Farshid $1,556,000 --
Topa Thrift & Loan Assn $1,612,897 American Title Ins Co
Schweitzer Winnie -- Pacific Title Guaranty Co
Schweitzer Winnie $2,045,000 Pacific Title Guaranty Co
Topa Thrift & Loan Assn $905,089 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Ruixiang $1,500,000
Previous Owner Craig Colleen $3,575,000
Previous Owner Craig Colleen M $2,275,000
Previous Owner Craig Colleen $550,000
Previous Owner Craig Colleen $1,500,000
Previous Owner Brown Michael D $100,000
Previous Owner Brown Michael D $2,119,500
Previous Owner Brown Michael D $2,040,000
Previous Owner Ourian Farshid $500,000
Previous Owner Ourian Farshid $200,000
Previous Owner Ourian Farshid $1,245,000
Previous Owner Ourian Farshid $1,000,000
Previous Owner Schweitzer Winnie $1,895,000
Closed Craig Colleen $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Rented $40,000 -11.1% --
07/02/2021 07/02/21 For Rent $45,000 -- --
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 $78,005 $6,534,002 $3,971,649 $2,562,353
2024 $78,005 $6,405,885 $3,893,774 $2,512,111
2023 $76,483 $6,280,280 $3,817,426 $2,462,854
2022 $72,938 $6,157,138 $3,742,575 $2,414,563
2021 $72,066 $6,036,411 $3,669,192 $2,367,219
2019 $69,833 $5,857,369 $3,560,362 $2,297,007
2018 $69,562 $5,742,519 $3,490,551 $2,251,968
2016 $66,535 $5,519,531 $3,355,009 $2,164,522
2015 $65,555 $5,436,623 $3,304,614 $2,132,009
2014 $65,734 $5,330,128 $3,239,882 $2,090,246
Source: Public Records

Agents Affiliated with this Home

  • Vangelis Korasidis

    Landlord's Agent in 2021

    Vangelis Korasidis

    Coldwell Banker Realty

    (310) 405-9500

    1 in this area

    63 Total Sales

    Vangelis Korasidis
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Map

Source: The MLS

MLS Number: 21-756472

The MLS

APN: 4358-001-012

California Los Angeles County Los Angeles 90077 Beverly Crest

725 N Faring Rd, Los Angeles, CA

This home is located at 725 N Faring Rd, Los Angeles, CA 90077 since 02 July 2021 and is currently priced at $9,762,779. This property was built in 1959. 725 N Faring 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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