NOT LISTED FOR SALE

864 Brooktree Rd Pacific Palisades, CA 90272

Estimated Value: $6,046,000 - $10,186,229

6 Beds
8 Baths
7,460 Sq Ft
$1,088/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $3,003,000 $403 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $52,194/month

27 Days on Market

Highlights

  • Home Theater
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • In Ground Pool
  • Open Floorplan
  • Mediterranean Architecture

About This Home

As of September 2018

We are pleased to present this beautiful property in the Pacific Palisades. Stunning Mediterranean style pool home. Double door entrance into a grand living room with fireplace and tile floors. Chef's kitchen, with all the finest appliances. Built in refrigerator, island, wine fridge, over-sized range. Huge basement, with a bedroom, bathroom and bar area. Upstairs, you can step into the incredible master bedroom with a large walk-in closet and amazing master bathroom with dual sinks, spa-tub, shower, etc... All bedrooms are spacious. The Property has had the Certificate of Occupancy removed by the City. The Property may need to be torn down due to City Violations. Notice to Comply on Property by the City.

Last Agent to Sell the Property

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684 Listed on: 07/18/2018

Last Buyer's Agent

Ray Akbari

The Agency License #01447600

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 10,850 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LARE11

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 7,460 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Laundry Room
  • Basement

Kitchen

  • Six Burner Stove
  • Gas Range
  • Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 8 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 13267
  • Assessor Parcel Number 4409019006

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LARE11
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4409019006
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7460.00 Square Feet
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 8
  • Total Bedrooms: 6
  • Fireplace Features: Dining Room, Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 402.55
  • Room Type: Basement, Bonus Room, Den, Family Room, Formal Entry, Foyer, Kitchen, Laundry, Library, Living Room, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office, Walk-In Closet
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10850.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2628.02
  • Tax Lot: 5
  • Tax Tract Number: 13267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2019
Sold by
Ojta Investment Llc
Bought by
Ojta Investment Llc
Current Estimated Value
$8,116,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,155,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 18, 2018
Closed on
Sep 7, 2018
Sold by
The Bank Of New York Mellon
Bought by
Ojta Investment Llc
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Ray Akbari
The Agency
List Price
$3,000,000
Sold Price
$3,003,000
Premium/Discount to List
$3,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%
Original Mortgage
$1,800,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2016
Sold by
Beglari Mehr Z and Beglari Vickey M
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 13, 2011
Sold by
Beglari Family Trust
Bought by
Beglari Family Trust and Prestige Mirage Development Llc

Purchase Details

Closed on
Oct 9, 2009
Sold by
Beglari Mehr Z and Beglari Vickey M
Bought by
Beglari Mehr and Beglari Vickey M

Purchase Details

Closed on
Jun 21, 1994
Sold by
Cal Fed Service Corp
Bought by
California Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Ojta Investment Llc -- Old Republic Title
Ojta Investment Llc $3,003,000 Servicelink Title Company
The Bank Of New York Mellon $1,986,319 Stewart Title
Beglari Family Trust -- None Available
Beglari Mehr -- None Available
California Federal Bank Fsb $282,675 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ojta Investment Llc $5,155,000
Previous Owner Ojta Investment Llc $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $3,003,000 +0.1% $403 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $3,000,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $120,573 $10,081,475 $6,552,959 $3,528,516
2024 $119,353 $9,883,800 $6,424,470 $3,459,330
2023 $117,003 $9,690,000 $6,298,500 $3,391,500
2022 $111,498 $9,500,000 $6,175,000 $3,325,000
2021 $37,085 $3,094,793 $2,576,418 $518,375
2019 $35,970 $3,003,000 $2,500,000 $503,000
2018 $104,949 $8,728,752 $5,100,000 $3,628,752
2017 $102,644 $8,557,600 $5,000,000 $3,557,600
2016 $25,083 $2,067,798 $722,717 $1,345,081
2015 $24,715 $2,036,739 $711,862 $1,324,877
2014 $24,788 $1,996,843 $697,918 $1,298,925
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18173447

California Regional Multiple Listing Service (CRMLS)

APN: 4409-019-006