NOT LISTED FOR SALE

Estimated Value: $6,324,000 - $61,872,768

5 Beds
9 Baths
7,919 Sq Ft
$4,306/Sq Ft Est. Value

Last Sold December 14, 2017

Last sale price $41,000,000 $5,177 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $225,240/month

16 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Home Theater
  • Roscomare Road Elementary Rated A-
  • Wine Cellar
  • Heated In Ground Pool

About This Home

As of December 2017

Bel Air's newest & most exciting offering. By far one of the best/most unique promontories w/ panoramic 280 degrees views from DTLA to ocean. Sited on close to 1 acre, completely secluded from street w/ a gated, long drive. Surrounded by the most significant hi-end luxury estates, this 1-of-a-kind, brand new estate is designed by Saota Architecture & is their 1st highly anticipated property in L.A. The design is a departure from the conventional contemp w/ warm finishes/rich textures/chic wall coverings. The use of limestone/wood/steel thru-out provide a sophisticated elegance. Set back w/ lrg motor court & oriented towards explosive views. Great rm, form din rm, designer kitch, study, solarium, wine rm & theater. Master w/ dual baths & large view terrace. 3 additional en-suites upstairs. Indoor wellness center w/ massage therapy area, gym, sauna, steam shower, bath & Zen garden. Outdoor dining rm, infinity pool/spa overlooking a mesmerizing blanket of city lights.

Last Agent to Sell the Property

James Harris

Carolwood Estates License #01909801 Listed on: 09/18/2017

Carolwood Estates

Co-Listed By

David Parnes

Carolwood Estates License #01905862

Last Buyer's Agent

Alexander Tarigo

Rodeo Realty License #01926886

Rodeo Realty

Home Details

Home Type

  • Single Family

Lot Details

  • 0.92 Acre Lot
  • Property is zoned LARE20

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Golf Course
  • Hills

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3-Story Property
  • Furnished
  • Built-In Features
  • Entryway
  • Wine Cellar
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Bonus Room
  • Sauna
  • Home Gym
  • Alarm System
  • Laundry Room

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 9 Full Bathrooms

Parking

  • 3 Car Garage
  • Driveway
  • Gated Parking
  • Guest Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Fire Pit
  • Outdoor Grill

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4370-003-020

Home Details

Home Type

Single Family

Lot Details

0.92 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Stories: 3
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Fire Pit, Living Room
  • Flooring: Hardwood, Stone, Travertine
  • Bedrooms: 5
  • Full Bathroom: 9
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Freezer, Range/Oven, Refrigerator

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, In Ground
  • Pool: Yes
  • Spa: Heated, In Ground
  • Spa Yn: Yes
  • View: City, City Lights, Golf Course, Hills, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Driveway, Garage - 3 Car, Gated, Parking for Guests, Private
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4370-003-020
  • Geocode Override: No
  • Lot Size Area: 40025

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2017
Closed on
Oct 31, 2017
Sold by
900 Stradella Ve Llc
Bought by
900 Stradella Residence Llc
Seller's Agent
James Harris
Carolwood Estates
Buyer's Agent
Alexander Tarigo
Rodeo Realty
List Price
$45,000,000
Sold Price
$41,000,000
Premium/Discount to List
-$4,000,000
-8.89%
Current Estimated Value
$34,098,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,901,616
Avg. Annual Appreciation
-2.20%
Original Mortgage
$30,750,000
Outstanding Balance
$25,253,768
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$8,844,616

Purchase Details

Listed on
Dec 9, 2013
Closed on
Mar 12, 2014
Sold by
Bay Michael and The Michael Bay Living Trust
Bought by
900 Stradella Ve Llc
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
James Harris
Carolwood Estates
List Price
$13,500,000
Sold Price
$11,450,000
Premium/Discount to List
-$2,050,000
-15.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.03%
Original Mortgage
$7,475,000
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2011
Sold by
Bay Michael
Bought by
The Michael Bay Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,725,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2009
Sold by
The Michael Bay Living Trust
Bought by
Bay Michael

Purchase Details

Closed on
Feb 2, 2009
Sold by
Bay Michael
Bought by
The Michael Bay Living Trust

Purchase Details

Closed on
Mar 31, 1999
Sold by
Teller Alvin and Teller Jennifer
Bought by
Bay Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
900 Stradella Residence Llc $41,000,000 Chicago Title
900 Stradella Ve Llc $11,450,114 Equity Title
The Michael Bay Living Trust -- Equity Title
Bay Michael -- Accommodation
The Michael Bay Living Trust -- Accommodation
Bay Michael -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 900 Stradella Residence Llc $30,750,000
Previous Owner 900 Stradella Ve Llc $7,475,000
Previous Owner The Michael Bay Living Trust $2,725,000
Previous Owner Bay Michael $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2017 12/14/17 Sold $41,000,000 -8.9% $5,177 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $45,000,000 +293.0% $5,683 / Sq Ft
04/01/2014 04/01/14 Sold $11,450,000 -15.2% $1,446 / Sq Ft View Prior Sale
02/06/2014 02/06/14 Pending -- -- --
12/09/2013 12/09/13 For Sale $13,500,000 -- $1,705 / Sq Ft
Source: The MLS

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 $550,541 $46,651,003 $43,237,517 $3,413,486
2024 $550,541 $45,736,278 $42,389,723 $3,346,555
2023 $539,654 $44,839,489 $41,558,552 $3,280,937
2022 $514,227 $43,960,284 $40,743,679 $3,216,605
2021 $508,259 $43,098,319 $39,944,784 $3,153,535
2019 $492,767 $41,820,000 $38,760,000 $3,060,000
2018 $491,758 $41,000,000 $38,000,000 $3,000,000
2017 $145,404 $12,094,009 $9,506,208 $2,587,801
2016 $142,281 $11,856,872 $9,319,812 $2,537,060
2015 $140,175 $11,678,771 $9,179,820 $2,498,951
2014 $81,415 $6,599,015 $5,115,520 $1,483,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-271278

The MLS

APN: 4370-003-020

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