NOT LISTED FOR SALE

8561 Hillside Ave Los Angeles, CA 90069

Hollywood Hills West Neighborhood

Estimated Value: $3,432,000 - $4,834,000

0.37 Acre
$11,016,791 Price per Acre
15,908 Sq Ft Lot

Last Sold February 08, 2021

Last sale price $3,500,000 $1,635 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $25,638/month

13 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • Foothills

About This Lot

As of February 2021

Prime Development Vacant Land View Site. A rare flat site of approximately 15,909 square feet. This one of a kind lot has incredible unobstructed views of downtown, the city, and the ocean. An exceptional opportunity for a buyer or developer to build a luxury estate in the prime West Hollywood Hills-Sunset strip area that sits on a high elevated corner lot. The driveway entrance is at the street level on Crisler Way. The property is surrounded by multi-million dollar homes and will be delivered with a geological report, topography survey, and slope band analysis which the owner just completed. Per the civil engineer, a new home of up to 5,363 square feet can be built on the property. It is perfect for a builder/developer or owner user wanting to create a magnificent estate while adding their own personal touches to their design and plans for the property. Awesome Panoramic Views!

Last Agent to Sell the Property

Jessica Felix

Rodeo Realty License #01779067 Listed on: 01/20/2021

Rodeo Realty

Co-Listed By

Dan Drantch

Rodeo Realty License #00900188

Last Buyer's Agent

javid jahanshahi

Wilshire Park Homes License #01925154

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $45,109

Lot Details

  • 0.37 Acre Lot
  • Property is zoned LAR1

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills

Community Details

  • No Home Owners Association
  • Foothills

Listing and Financial Details

  • Tax Lot 319
  • Tax Tract Number 8500
  • Assessor Parcel Number 5558030013

Property Details

Property Type

Land

Est. Annual Taxes

$45,109

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: LAR1
  • Property Type: Land
  • Parcel Number: 5558030013
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 220.00

Exterior Features

  • View: City Lights, Hills, Mountain(s), Panoramic

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15909.00
  • Lot Size Acres: 0.3652

Multi Family

  • Lot Size Area: 15909.0000 Square Feet

Tax Info

  • Tax Census Tract: 1942.00
  • Tax Lot: 319
  • Tax Tract Number: 8500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2021
Closed on
Feb 1, 2021
Sold by
Lorenzen Daniel C and 8561 Hillside Trust
Bought by
Eastin Matt and The Penny Lane Trust
Seller's Agent
Jessica Felix
Rodeo Realty
Buyer's Agent
javid jahanshahi
Wilshire Park Homes
List Price
$3,999,000
Sold Price
$3,500,000
Premium/Discount to List
-$499,000
-12.48%
Current Estimated Value
$4,023,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,332
Avg. Annual Appreciation
2.96%

Purchase Details

Closed on
Jan 26, 2017
Sold by
Simkhai Joel and 2012 Joel Simkhai Revocable Tr
Bought by
Lorenzen Daniel C and 8561 Hillside Trust

Purchase Details

Listed on
Oct 20, 2014
Closed on
Oct 5, 2014
Sold by
Johnson Emily and Johnson Emily Margaret
Bought by
Simkhai Joel and The 2012 Joel Simkhai Revocabl
Seller's Agent
Jory Burton
Sotheby's International Realty
Buyer's Agent
Jory Burton
Sotheby's International Realty
Sold Price
$8,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$1,500,000
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 5, 2011
Sold by
Farber Beatrice L and The Eugene H & Beatrice L Farb
Bought by
Johnson Emily Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2011
Sold by
Johnson Morgan
Bought by
Johnson Emily Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2002
Sold by
Farber Eugene H and Farber Beatrice L
Bought by
Eugene H Farber and Farber Revo Beatrice L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Eastin Matt $3,500,000 Fidelity National Title Co
Lorenzen Daniel C -- None Available
Simkhai Joel $3,600,000 Equity Title
Johnson Emily Margaret $1,650,000 Equity Title Company
Johnson Emily Margaret -- Equity Title Company
Eugene H Farber -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simkhai Joel $2,240,000
Previous Owner Johnson Emily Margaret $1,500,000
Previous Owner Johnson Emily Margaret $990,000
Previous Owner Johnson Emily Margaret $1,070,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $3,500,000 -12.5% $1,635 / Sq Ft
01/20/2021 01/20/21 For Sale $3,999,000 0.0% $1,868 / Sq Ft
11/26/2014 11/26/14 Rented $8,500 -15.0% --
11/26/2014 11/26/14 Under Contract -- -- --
10/20/2014 10/20/14 For Rent $10,000 0.0% --
10/14/2014 10/14/14 Sold $3,600,000 -7.7% $1,681 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $3,900,000 0.0% $1,822 / Sq Ft
03/29/2012 03/29/12 Rented $6,300 -8.7% --
03/29/2012 03/29/12 Under Contract -- -- --
01/04/2012 01/04/12 For Rent $6,900 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $45,109 $3,788,510 $3,030,809 $757,701
2024 $45,109 $3,714,227 $2,971,382 $742,845
2023 $44,228 $3,641,400 $2,913,120 $728,280
2022 $42,185 $3,570,000 $2,856,000 $714,000
2021 $51,721 $4,288,808 $4,288,808 $0
2020 $51,429 $4,244,832 $4,244,832 $0
2019 $49,355 $4,161,600 $4,161,600 $0
2018 $49,176 $4,080,000 $4,080,000 $0
2016 $43,872 $3,654,900 $2,923,920 $730,980
2015 $43,223 $3,600,000 $2,880,000 $720,000
2014 $20,932 $1,690,640 $1,024,630 $666,010
Source: Public Records

Agents Affiliated with this Home

  • Jessica Felix

    Seller's Agent in 2021

    Jessica Felix

    Rodeo Realty

    (818) 399-7214

    1 in this area

    51 Total Sales

    Jessica Felix
    Section Image
  • Dan Drantch

    Seller Co-Listing Agent in 2021

    Dan Drantch

    Rodeo Realty

    (818) 261-0030

    2 in this area

    61 Total Sales

    Dan Drantch
    Section Image
  • javid jahanshahi

    Buyer's Agent in 2021

    javid jahanshahi

    Wilshire Park Homes

    (310) 977-9190

    1 in this area

    1 Total Sale

    javid jahanshahi
    Section Image
  • Jory Burton

    Seller's Agent in 2014

    Jory Burton

    Sotheby's International Realty

    (310) 766-5679

    1 in this area

    10 Total Sales

    Jory Burton
    Section Image
  • Olga Laron

    Seller's Agent in 2014

    Olga Laron

    Engel & Volkers Santa Monica

    (310) 849-9687

    1 in this area

    8 Total Sales

    Olga Laron
    Section Image

  • D

    Buyer's Agent in 2012

    Don Ivone

    California R.E.Services

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21013265

California Regional Multiple Listing Service (CRMLS)

APN: 5558-030-013

California Los Angeles County Los Angeles 90069 Hollywood Hills West

8561 Hillside Ave, Los Angeles, CA

This home is located at 8561 Hillside Ave, Los Angeles, CA 90069 since 20 January 2021 and is currently estimated at $4,023,332, approximately $1,879 per square foot. 8561 Hillside Ave is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes