NOT LISTED FOR SALE

Estimated Value: $4,266,000 - $5,652,974

0.43 Acre
$12,048,408 Price per Acre
18,582 Sq Ft Lot

Last Sold April 01, 2019

Last sale price $4,000,000

Est. 28% increase in value since last sale

Current estimated payment $31,430/month

68 Days on Market

About This Lot

As of April 2019

HUGE $1 MILLION REDUCTION! A once in a lifetime opportunity to purchase a magnificent jetliner view lot in BHPO, just minutes away from Sunset off Benedict Canyon. First time on the market in over 45 years. It has been leased to a neighboring property as a private manicured park/garden. It is located in a cul-de-sac that it shares with only two other homes - no traffic, very private and secluded. The lot is .41 acres with a flat 14,000 - 15,000 square foot pad which makes for easy development. The VIEW - great ocean views from Palos Verdes peninsula, the Queen's necklace, Santa Monica, Bel Air, Westwood, Century City, UCLA, etc. that light up the nights. You can see all of Catalina Island. Please come and see for yourself how truly wonderful and unique this property is, where you would only be limited by your architect's imagination.

Last Agent to Sell the Property

John Woodward

John Woodward IV License #00513357 Listed on: 12/19/2018

Last Buyer's Agent

John Woodward

John Woodward IV License #00513357 Listed on: 12/19/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $49,844

Lot Details

  • 0.43 Acre Lot
  • Property is zoned LARE15

Property Views

  • Ocean
  • Catalina
  • City Lights
  • Canyon

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4356-015-032

Property Details

Property Type

Land

Est. Annual Taxes

$49,844

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Catalina, City, City Lights, Ocean
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4356-015-032
  • Geocode Override: No
  • Lot Size Area: 18582

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2018
Closed on
Feb 21, 2019
Sold by
Lough Rodger B and Lough Fabiola I
Bought by
Schwartz Samuel Howard and Schwartz Shanit Keter
Seller's Agent
John Woodward
John Woodward IV
Buyer's Agent
John Woodward
John Woodward IV
List Price
$5,995,000
Sold Price
$4,000,000
Premium/Discount to List
-$1,995,000
-33.28%
Total Days on Market
68
Current Estimated Value
$5,139,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,139,658
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Dec 17, 2018
Sold by
Lough Richard S
Bought by
Lough Rodger B and Lough Fabiola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
4.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 31, 2015
Sold by
Lough Rodger B and Lough Fabiola L
Bought by
Rodger & Fabiola Lough 2015 Trust

Purchase Details

Closed on
Jun 16, 2011
Sold by
Lough Rodger B and Vinetta E Lough Living Trust
Bought by
Lough Rodger B and Rodger B Lough 2005 Trust

Purchase Details

Closed on
Jun 30, 2008
Sold by
Lough Vinetta
Bought by
Lough Vinetta E and Vinetta E Lough Living Trust

Purchase Details

Closed on
Dec 30, 2005
Sold by
Lough Rodger B and Lough Richard S
Bought by
Lough Rodger B and Rodger B Lough 2005 Trust
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
Schwartz Samuel Howard $4,000,000 Commonwealth Land Title Co
Lough Rodger B -- Accommodation
Rodger & Fabiola Lough 2015 Trust -- None Available
Lough Rodger B -- None Available
Lough Rodger B -- None Available
Lough Vinetta E -- None Available
Lough Rodger B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lough Rodger B $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2019 04/01/19 Sold $4,000,000 -19.9% --
02/25/2019 02/25/19 Pending -- -- --
02/08/2019 02/08/19 Price Changed $4,995,000 -16.7% --
12/19/2018 12/19/18 For Sale $5,995,000 -- --
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
2024 $49,844 $4,144,000 $4,144,000 --
2023 $51,573 $4,288,807 $4,288,807 $0
2022 $49,140 $4,204,713 $4,204,713 $0
2021 $48,576 $4,122,268 $4,122,268 $0
2019 $47,694 $12,365 $12,365 $0
2018 $280 $12,123 $12,123 $0
2016 $274 $11,653 $11,653 $0
2015 $271 $11,478 $11,478 $0
2014 $282 $11,254 $11,254 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-416684

The MLS

APN: 4356-015-032