NOT LISTED FOR SALE

Estimated Value: $6,801,000 - $8,972,880

6 Beds
8 Baths
7,580 Sq Ft
$1,075/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $8,850,000 $1,168 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $51,479/month

31 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Cabana
  • Warner Avenue Elementary Rated A
  • Wine Cellar
  • Fireplace in Primary Bedroom

About This Home

As of July 2023

Ideally situated at the end of a cul-de-sac awaits this Contemporary Spanish Villa. Set behind impressive gates with complete privacy and City & Ocean views. A large motor court and garage allow parking for 8+ cars. The entry is flooded with natural light and high ceilings that give a tremendous sense of volume. The large living room overlooks a grand entering balcony with city and ocean views. The twenty-plus-person dining room is light and bright, with large art walls and city views. The large gourmet kitchen has a restaurant-grade walk-in refrigerator and wine room. The backyard is surrounded by lush mature landscaping and offers absolute privacy. Great Income property for potential 1031 Buyers

Last Agent to Sell the Property

Gregory Dean

The Dean Company License #00970290 Listed on: 05/10/2023

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.58 Acre Lot
  • Property is zoned LARE40

Property Views

  • Ocean
  • City Lights
  • Park or Greenbelt

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,580 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Den with Fireplace
  • Bonus Room
  • Utility Room
  • Center Hall
  • Alarm System
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 3 Car Garage
  • Parking Storage or Cabinetry
  • Automatic Gate
  • Guest Parking
  • On-Street Parking

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4356-026-001

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary Mediterranean
  • Living Area: 7580
  • Lot Acreage: 0.5834
  • Stories: 3
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room, Master Bedroom, Family Room
  • Flooring: Mixed
  • Bedrooms: 6
  • Full Bathroom: 2
  • Half Bathroom: 2
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 4
  • Laundry: Room
  • Total Bathrooms: 8.00
  • Equipment: Alarm System, Built-Ins, Microwave, Gas Or Electric Dryer Hookup, Freezer, Range/Oven, Refrigerator, Vented Exhaust Fan, Garbage Disposal, Gas Dryer Hookup, Elevator
  • Price Per S Q F T: 1385.22

Exterior Features

  • Other Structures: GuestHouse
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Heated, Private
  • Spa Yn: Yes
  • View: City Lights, City, Green Belt, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Above Street Level, Auto Driveway Gate, Built-In Storage, Garage - 3 Car, Parking for Guests - Onsite, Private Garage

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4356-026-001
  • Lot Size Area: 25415

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2014
Closed on
Apr 27, 2015
Sold by
Perez Charles and Perez Danica B
Bought by
Burnaby Partners Llc
Seller's Agent
Stephen Shapiro
Westside Estate Agency Inc.
Buyer's Agent
Gregory Dean
The Dean Company
List Price
$15,950,000
Sold Price
$11,800,000
Premium/Discount to List
-$4,150,000
-26.02%
Current Estimated Value
$8,145,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,654,780
Avg. Annual Appreciation
-3.45%
Original Mortgage
$7,080,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2013
Sold by
Perez Charles
Bought by
Perez Charles and Perez Danica B

Purchase Details

Listed on
Nov 1, 2011
Closed on
Feb 13, 2012
Sold by
Guidera Joseph Filpi and The Tower Trust
Bought by
Perez Charles
Seller's Agent
Ernie Carswell
Sotheby's International Realty
Buyer's Agent
Stephen Shapiro
List Price
$7,295,000
Sold Price
$6,750,000
Premium/Discount to List
-$545,000
-7.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.36%
Original Mortgage
$4,387,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2001
Sold by
Wilson Ronald and Tower Trust
Bought by
Wilson Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 16, 1997
Sold by
Wilson Ronald
Bought by
Wilson Ronald and The Tower Trust
Source: Public Records
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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
Burnaby Partners Llc $11,800,000 First American Title Company
Perez Charles -- None Available
Perez Charles $6,750,067 Equity Title Company
Perez Charles -- Equity Title Company
Wilson Ronald -- Equity Title Company
Wilson Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burnaby Partners Llc $7,080,000
Previous Owner Perez Charles $4,387,500
Previous Owner Wilson Ronald $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2023 07/31/23 Sold $8,850,000 -15.7% $1,168 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $10,500,000 0.0% $1,385 / Sq Ft
07/12/2018 07/12/18 Rented $43,000 -8.5% --
06/18/2018 06/18/18 For Rent $47,000 +9.3% --
07/21/2017 07/21/17 Rented $43,000 -12.2% --
06/26/2017 06/26/17 For Rent $49,000 0.0% --
06/18/2015 06/18/15 Sold $11,800,000 -8.9% $1,557 / Sq Ft View Prior Sale
05/21/2015 05/21/15 Pending -- -- --
01/13/2015 01/13/15 Price Changed $12,950,000 -13.4% $1,708 / Sq Ft
09/23/2014 09/23/14 Price Changed $14,950,000 -6.3% $1,972 / Sq Ft
07/23/2014 07/23/14 For Sale $15,950,000 +136.3% $2,104 / Sq Ft
02/22/2012 02/22/12 Sold $6,750,000 -7.5% $891 / Sq Ft View Prior Sale
11/22/2011 11/22/11 Pending -- -- --
11/01/2011 11/01/11 For Sale $7,295,000 -- $962 / 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 $107,161 $9,027,000 $4,147,422 $4,879,578
2024 $107,161 $8,850,000 $4,066,100 $4,783,900
2023 $164,484 $13,631,132 $8,519,459 $5,111,673
2022 $156,767 $13,363,856 $8,352,411 $5,011,445
2021 $154,922 $13,101,821 $8,188,639 $4,913,182
2019 $150,161 $12,713,215 $7,945,760 $4,767,455
2018 $149,774 $12,463,937 $7,789,961 $4,673,976
2016 $143,334 $11,979,949 $7,487,468 $4,492,481
2015 $84,557 $7,054,442 $2,642,855 $4,411,587
2014 $84,773 $6,916,257 $2,591,086 $4,325,171
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-269047

The MLS

APN: 4356-026-001