$22,900,000
SOLD JUL 31, 2024
9 Beds
11 Baths
13,000 Sq Ft
7.58 Acres

Recently Sold

$1,762 Per Sq Ft

35% Below List Price

1,062 Days on Market

Highlights

  • Tennis Courts
  • Home Theater
  • Primary Bedroom Suite
  • Warner Avenue Elementary Rated A
  • In Ground Pool
  • Automatic Gate

About This Home

As of July 2024

7.5 ACRE world class compound offering ample space and stunning panoramic views set in the exclusive guard gated Bella Vista Estates. Behind personal gates providing ample security and privacy, 2505 Summitridge Dr hosts the most impressive outdoor setting in all of Los Angeles. The private backyard showcases a massive infinity-edge pool, spa, cold plunge, outdoor kitchen with a custom pizza oven, dining, and large lawn area. Across the street from the main residence, you have your very own private sport court, playground and park. Incapsulating dramatic architecture infused with elegance and sophistication, the home spans ~13,000 square feet. State of the art accommodations throughout with 9 bedrooms, 11 bathrooms, multiple quintessential living spaces, a chef's kitchen, bar, custom movie theatre, game room, and wine cellar. Exuding luxury, the impressive master suite encompasses a sitting room, fireplace, walk- in closets, spacious stone filled bathrooms and a private balcony boasting unobstructed views. 2505 Summitridge Drive is the pinnacle of Beverly Hills.

Last Agent to Sell the Property

Joshua Altman

Douglas Elliman of California, Inc. License #01764587

Douglas Elliman of California, Inc.

Co-Listed By

Matthew J. Altman

Douglas Elliman of California, Inc. License #01874316

Last Buyer's Agent

Joshua Altman

Douglas Elliman of California, Inc. License #01764587

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $112,756

Year Built

  • Built in 2002

Lot Details

  • 7.58 Acre Lot
  • Landscaped
  • Lawn
  • Back Yard
  • Property is zoned LARE40

HOA Fees

  • $3,333 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Carport
  • Driveway
  • Automatic Gate
  • Guest Parking

Property Views

  • Hills
  • Pool

Home Design

  • Contemporary Architecture

Interior Spaces

  • 13,000 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • High Ceiling
  • Two Way Fireplace
  • See Through Fireplace
  • Entryway
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Home Gym
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Bathtub with Shower

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Basketball Court
  • Sport Court
  • Balcony
  • Open Patio
  • Outdoor Fireplace
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4386-012-030

Community Details

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$112,756

Year Built

Built in 2002

Lot Details

0

HOA Fees

$3,333 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: Bella Vista
  • Entry Location: Main Level
  • Living Area: 13000
  • Lot Acreage: 7.5800
  • Stories: 2
  • Year Built: 2002
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Built-Ins, High Ceilings (9 Feet+)
  • Fireplace Rooms: Living Room, Family Room, Great Room, Two Way, See Through, Master Bedroom, Exterior
  • Flooring: Stone, Tile, Hardwood
  • Appliances: Built-Ins, Double Oven, Oven
  • Bedrooms: 9
  • Full Bathroom: 9
  • Half Bathroom: 2
  • Bedroom Features: Dressing Area, Master Bedroom, Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Powder Room
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area, Family Kitchen, In Kitchen, Kitchen Island, Formal Dining Rm
  • Kitchen Features: Island
  • Laundry: Laundry Area, Room, Inside
  • Maids Room: 1
  • Total Bathrooms: 11.00
  • Den: 0
  • Equipment: Freezer, Built-Ins, Barbeque, Alarm System, Range/Oven, Refrigerator, Garbage Disposal, Dishwasher
  • Price Per S Q F T: 2730.77

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Custom Built, Barbecue Private
  • Other Structures: Other
  • Tennis Court: Basketball, Private, Private Sport Court
  • Tennis Court Y/N: Yes
  • Patio: Balcony, Porch, Patio Open
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: Hot Tub, Private
  • Spa Yn: Yes
  • View: Tree Top, Pool, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car, Garage Is Attached, Gated, Parking for Guests, Carport, Private, Private Garage, Parking for Guests - Onsite, Driveway, Detached, Attached, Oversized, Garage
  • Total Parking: 20

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Community

Association/Amenities

  • Amenities: Gated Community

Condo/Co-op/Association

  • HOA Fee Frequency: Quarterly
  • HOA Fees: 10000.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4386-012-030
  • Lot Description: Gated Community, Back Yard, 2-4 Lots, Landscaped, Lawn
  • Lot Size Area: 330322

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 For Sale $35,500,000 +55.0% $2,731 / Sq Ft
07/31/2024 07/31/24 Sold $22,900,000 0.0% $1,762 / Sq Ft
09/30/2021 09/30/21 Off Market $22,900,000 -- --
08/31/2021 08/31/21 For Sale $35,500,000 -- $2,731 / 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
2024 $112,756 $9,231,417 $5,963,755 $3,267,662
2023 $110,567 $9,050,410 $5,846,819 $3,203,591
2022 $105,449 $8,872,952 $5,732,176 $3,140,776
2021 $104,084 $8,698,974 $5,619,781 $3,079,193
2019 $100,881 $8,440,960 $5,453,097 $2,987,863
2018 $100,142 $8,275,452 $5,346,174 $2,929,278
2016 $95,752 $7,954,109 $5,138,577 $2,815,532
2015 $92,079 $7,480,032 $5,061,391 $2,418,641
2014 $90,327 $7,333,510 $4,962,246 $2,371,264
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $16,030,000 New Conventional
Closed $16,030,000 New Conventional
Previous Owner $13,000,000 New Conventional
Previous Owner $13,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $13,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,900,000 New Conventional
Previous Owner $2,250,000 Unknown
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $6,150,000 Fannie Mae Freddie Mac
Previous Owner $500,000 Credit Line Revolving
Previous Owner $4,950,000 Negative Amortization
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $22,900,000 Fidelity National Title
Grant Deed $22,900,000 Fidelity National Title
Grant Deed -- Chicago Title Company
Grant Deed -- Accommodation/Courtesy Recordi
Interfamily Deed Transfer -- First American
Grant Deed -- First American Title Ins Co
Source: Public Records

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Source: The MLS

MLS Number: 21-778610

The MLS

APN: 4386-012-030