$2,350,000
SOLD OCT 5, 2022

7800 W 81st St Playa Del Rey, CA 90293

3 Beds
2.5 Baths
2,828 Sq Ft
5,004 Sq Ft Lot

Recently Sold

$831 Per Sq Ft

22% Below List Price

38 Days on Market

Highlights

  • Sauna
  • Open Floorplan
  • Two Story Ceilings
  • Kentwood Elementary Rated A-
  • Dual Staircase
  • No HOA

About This Home

As of October 2022

Kirk Shimazu, AIA, Architect | The Shimazu Residence, 2003. Here on the bluff above the Ballona Wetlands, this peaceful neighborhood is close to Loyola Marymount, Google Spruce Goose, and the tech companies of Silicon Beach, yet from the chaos of Venice and the Marina. The home itself is a trifecta of good fortune: great architecture, impeccably renovated, with a comfortable lifestyle. The architect designed this home for his family from the inside out, responding to the sloping site with sectional interventions that are spatially and sculpturally exciting, building on forbears like Schindler. And each interior space is connected to the outside with floor-to-ceiling glass, outdoor patios, upper balconies, and decks, continuing the rich tradition of indoor/outdoor living that is quintessentially Southern Californian. An avid design enthusiast took over stewardship of the house, picking up where the original designer left off, and completed the composition with high-end bespoke finishes from top to bottom. The result is a sophisticated aesthetic experience, sublime and powerful, yet subtle and sensitive, receding gently into the background and allowing a focus on people and parties, eating and drinking, living in a work of art.

Last Agent to Sell the Property

Brian Linder

Compass License #01248728 Listed on: 07/21/2022

Compass

Co-Listed By

Rick Grahn

Compass License #01162701

Last Buyer's Agent

Alice Plato

Coldwell Banker Realty License #01216340

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,131

Year Built

  • Built in 2003 | Remodeled

Lot Details

  • 5,004 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Side by Side Parking
  • Garage Door Opener
  • Driveway

Interior Spaces

  • 2,828 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Two Story Ceilings
  • Track Lighting
  • Double Pane Windows
  • Family Room on Second Floor
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Sauna
  • Alarm System

Kitchen

  • Breakfast Bar
  • Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Powder Room
  • Double Vanity
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4114-022-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,131

Year Built

Built in 2003 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Advertising Remarks: Kirk Shimazu, AIA, Architect | The Shimazu Residence, 2003. Here above the Wetlands, this peaceful neighborhood is close to Loyola Marymount and Silicon Beach, yet far from the chaos of Venice. The home is a trifecta of good fortune: great architecture, impeccably renovated, with a comfortable lifestyle. The architect designed the home from the inside out, responding to the sloping site with sectional interventions that are spatially and sculpturally exciting, building on forbears like Schindler. Each interior space connects to the outside with floor-to-ceiling glass, outdoor patios, balconies and decks, for indoor/outdoor living. Renovated by an avid design enthusiast with high-end bespoke finishes from top to bottom. A sophisticated aesthetic experience, sublime and powerful, yet subtle and sensitive, allowing a focus on people and parties, eating and drinking, living in a work of art.
  • Entry Location: Foyer
  • Living Area: 2828
  • Lot Acreage: 0.1149
  • Lot Dimensions: 40x125
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 2003
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Built-Ins, Open Floor Plan, Track Lighting, Two Story Ceilings
  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Appliances: Built-In Gas, Oven
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room, Remodeled, Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 882.25
  • Windows: Double Pane Windows

Exterior Features

  • Other Features: Balcony, Custom Built, High Ceilings (9 Feet+)
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Door Opener, Direct Entrance, Driveway, Driveway - Combination, Covered Parking, Garage Is Attached, Garage - 2 Car, Oversized, Side By Side, Private
  • Total Parking: 4

Utilities

  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4114-022-019
  • Lot Size Area: 5004

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Sep 13, 2022
Sold by
Scott Farris Living Trust
Bought by
Drablier Mcguire Family Trust and Drablier
Seller's Agent
Brian Linder
Compass
Buyer's Agent
Alice Plato
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,350,000
Premium/Discount to List
-$645,000
-21.54%
Views
14
Current Estimated Value
$2,423,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,241
Avg. Annual Appreciation
1.63%
Original Mortgage
$1,997,500
Outstanding Balance
$1,915,419
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$548,460

Purchase Details

Closed on
Jul 22, 2005
Sold by
Farris Scott Brian
Bought by
Farris Scott and Scott Farris Trust

Purchase Details

Closed on
Aug 8, 2003
Sold by
Shimazu Kirk Y and Shimazu Joyce A
Bought by
Farris Scott Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $2,350,000 First American Title Company O
Interfamily Deed Transfer -- --
Grant Deed $995,000 Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,997,500 New Conventional
Previous Owner $741,866 Unknown
Previous Owner $745,000 Purchase Money Mortgage
Previous Owner $25,000 Credit Line Revolving
Previous Owner $40,000 Credit Line Revolving
Previous Owner $25,000 Stand Alone Second
Previous Owner $452,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2022 10/05/22 Sold $2,350,000 -5.8% $831 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $2,495,000 -9.2% $882 / Sq Ft
08/01/2022 08/01/22 Price Changed $2,749,000 -8.2% $972 / Sq Ft
07/21/2022 07/21/22 For Sale $2,995,000 -- $1,059 / 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 $29,131 $2,444,939 $1,780,332 $664,607
2024 $29,131 $2,397,000 $1,745,424 $651,576
2023 $28,564 $2,350,000 $1,711,200 $638,800
2022 $15,831 $1,333,074 $783,634 $549,440
2021 $15,628 $1,306,936 $768,269 $538,667
2019 $15,157 $1,268,174 $745,483 $522,691
2018 $15,065 $1,243,309 $730,866 $512,443
2016 $14,395 $1,195,033 $702,487 $492,546
2015 $14,183 $1,177,083 $691,935 $485,148
2014 $14,227 $1,154,026 $678,381 $475,645
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-179715

The MLS

APN: 4114-022-019