NOT LISTED FOR SALE

Estimated Value: $6,162,000 - $7,759,997

3 Beds
3.5 Baths
3,282 Sq Ft
$2,080/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $6,600,000 $2,011 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $45,338/month

178 Days on Market

Highlights

  • Ocean View
  • 0.61 Acre Lot
  • No HOA
  • Auto Driveway Gate
  • Fireplace in Primary Bedroom
  • Home Office

About This Home

As of August 2024

Welcome to this magical 27,000 +/- compound, located on a private cul-de-sac atop the stunning Pacific Palisades. Perched above the city lights, and just walking distance from the local shops, restaurants, and hiking trails, this gated estate boasts fabulous panoramic views, stretching from Downtown to the vast Pacific Ocean. Seize the incredible opportunity to take this home to the next level with a fantastic remodel or build new with an allowable square footage of over 19,000 sqft (including both above and below ground). The possibilities are endless. This secluded compound epitomizes privacy and luxury, offering discerning buyers the privilege of tailoring every detail to their individual, sophisticated tastes. Whether you want to take advantage of this exceptional development opportunity or simply enhance the existing home with a modest remodel, this is the perfect spot for those seeking both privacy and awe-inspiring views. Sale includes nearly RTI plans and permits from noted architect, Michael Kovac and landscape plans designed by Christine London.

Last Listed By

Cindy Ambuehl

Christie's International Real Estate SoCal License #01821934 Listed on: 09/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86,788

Year Built

  • Built in 1941

Lot Details

  • 0.61 Acre Lot
  • Property is zoned LARE40

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Interior Spaces

  • 3,282 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • Garage
  • Driveway
  • Auto Driveway Gate

Outdoor Features

  • Outdoor Grill

Utilities

  • Two cooling system units
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4422-004-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$86,788

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3282
  • Lot Acreage: 0.6075
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal, Barbeque, Dishwasher, Freezer, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 2117.61

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City, Catalina, City Lights, Coastline, Hills, Mountains, Ocean, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Driveway Gate, Private, Garage Is Detached, Driveway, Gated

Utilities

  • Cooling: Air Conditioning, Dual
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4422-004-008
  • Lot Size Area: 26462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Dalton Eleven Llc
Bought by
1425 Chautauqua Llc
Total Days on Market
178
Current Estimated Value
$6,827,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2021
Closed on
Oct 21, 2021
Sold by
Jessup Holden D and Edgarjessup Jr W
Bought by
Dalton Eleven Llc
Seller's Agent
Bernie Leibovitch
Rodeo Realty
Buyer's Agent
Cindy Ambuehl
Christie's International Real Estate SoCal
List Price
$6,900,000
Sold Price
$6,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.82%

Purchase Details

Closed on
May 24, 2021
Sold by
Jessup W Edgar
Bought by
Jessup W Edgar W and Jessup Bryn W

Purchase Details

Closed on
May 22, 2018
Sold by
Jessup W Edgar and W Edgar Jessup Jr Revocable Tr
Bought by
Jessup W Edgar and Jessup Audrey V

Purchase Details

Closed on
Sep 9, 1993
Sold by
Jessup W Edgar
Bought by
Jessup W Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.28%

Purchase Details

Closed on
Aug 24, 1993
Sold by
Jessup W Edgar
Bought by
Jessup W Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.28%

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
1425 Chautauqua Llc $6,600,000 Fidelity National Title
Dalton Eleven Llc $6,900,000 Progressive Title Company
Jessup W Edgar W -- None Available
Jessup W Edgar -- None Available
Jessup W Edgar -- --
Jessup W Edgar -- Southern California Title Co
Jessup W Edgar -- Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1425 Chautauqua Llc $12,000,000
Previous Owner Jessup W Edgar $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $6,600,000 -5.0% $2,011 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $6,950,000 -6.7% $2,118 / Sq Ft
10/20/2023 10/20/23 Price Changed $7,450,000 -6.3% $2,270 / Sq Ft
09/08/2023 09/08/23 For Sale $7,950,000 +15.2% $2,422 / Sq Ft
11/17/2021 11/17/21 Sold $6,900,000 0.0% $2,102 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $6,900,000 -- $2,102 / 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
2024 $86,788 $7,178,760 $6,450,480 $728,280
2023 $85,083 $7,038,000 $6,324,000 $714,000
2022 $4,024 $295,131 $118,498 $176,633
2021 $3,956 $289,345 $116,175 $173,170
2020 $3,987 $286,379 $114,984 $171,395
2019 $3,849 $280,765 $112,730 $168,035
2018 $3,571 $275,261 $110,520 $164,741
2016 $3,383 $264,574 $106,229 $158,345
2015 $3,336 $260,601 $104,634 $155,967
2014 $3,365 $255,497 $102,585 $152,912
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-308323

The MLS

APN: 4422-004-008