See Home Value
$13,454,151*
House - Off Market

1071 LAUREL WAY

BEVERLY HILLS, CA 90210
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6866 Sqft
$12,105,000 - $14,795,000
Reference Base Price*
0.03%
Since Jun 1, 2022
CA-Los Angeles
Primary Model
Sold May 08, 2023
$12,026,000
$7,000,000 by Bank Of America, N.a.
Mortgage Due May 01, 2038
Sold May 23, 2022
$13,250,000
$9,275,000 by Midfirst Bank
Mortgage

About This Property

PERFECTLY SITUATED BEHIND THE BEVERLY HILLS HOTEL, ON LOWER LAUREL WAY, SITS THIS IMMACULATE & VOLUMINOUS RARE PRIVATEAND GATED ONE STORY CONTEMPORARY. SET ON A HUGE FLAT 31,777 SQ FT LOT WITH 220FT OF FRONTAGE, CIRCULAR DRIVEWAY AND PARKINGAREAS FOR MORE THAN 20 CARS, INSIDE THE GATES, PLUS A 3 CAR GARAGE AND COVERED PARKING FOR 2. ENJOY A PERFECT SUMMER WITH ANOVERSIZED GRASS YARD, PICKLEBALL COURT AND LARGE SWIMMER'S POOL OR DEVELOP LATER AMONGST THE FINEST NEIGHBORING ESTATES. HUGEMASTER SUITE WITH OVERSIZED BATHS AND CLOSETS. 2 STORY GUEST HOUSE/OFFICE IDEAL FOR WORKING FROM HOME WITH DRIVE UP PRIVATEACCESS FROM THE MOTOR COURT. 3 ADDITIONAL SUITES, LARGE KITCHEN WITH BREAKFAST, FORMAL LIVING AND DINING AREA WITH EXPANSIVEROOMS, ALL OPENING WITH GLASS FRENCH DOORS TO POOL AND GROUNDS THROUGHOUT. ONE OF THE BEST ADDRESSES IN BEVERLY HILLS WITH NOALLEY BEHIND AND GRAND MATURE LANDSCAPING SURROUNDING THE PROPERTY. IN COVETED BEVERLY HILLS SCHOOL DISTRICT. OWENER IS A LICENSED AGENT. SELLER CANNOT CLOSE UNTIL MAY 15.

The manager has listed the unit size as 6866 square feet.
Unit Size
6,866Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$1,959
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
May 25, 2022 No longer available -
No longer available
May 11, 2022 In contract -
In contract
Apr 21, 2022 No longer available -
No longer available
Apr 20, 2022 Listed $13,450,000
Listed
Jan 3, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Contemporary
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 31,777
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 2,200
  • Total Building Area: 6,866
  • Building Area: 6,866
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,866
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 14213
  • Land Acres: 0.73
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 14213 LOT/SEC 4

Ownership

  • Current Owner : LAUREL TREE 26 LLC
  • Previous Owner : CL5STAR TRUST
  • Owner Before Previous Owner: ASHER-GLASS COMMUNITY PROPERTY TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Beverly Hills Unified School District
  • Census Tract: 700700

Zoning

  • Zoning: BHR1*

Geography

  • Assessors Map Reference: 33-A4
  • Subdivision Tract Number: 14213
  • Parcel: 4348-004-010
  • Lot: 4
  • Municipality: WEST /BEV HILLS NORTH
  • Latitude: 34.0893
  • Longitude: -118.416

    Address

  • Full Address: 1071 Laurel Way
  • Address - House Number: 1071
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Beverly Hills
  • Carrier Code: C023
  • 4-Digit Zip Code: 2327
  • Zip Code: 90210

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $81,025
  • Tax Rate Code Area: 02-410

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 55
  • Final Value: 3,734,531
  • High Value: 4,557,980
  • Low Value: 2,911,081

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,000,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA, N.A.
  • First Open Lien Mortgage Recording Date: May 08, 2023
  • First Open Lien Mortgage Loan Amount: $7,000,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: May 01, 2038

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,874,743
  • Assessed Land Value: $5,499,773
  • Assessed Improvements Value: $1,374,970

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 08, 2023
  • Current Sale Transaction ID: 11906186592
  • Current Sale Price: $12,026,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 296009
  • Previous Sale Recording Date: May 23, 2022
  • Previous Sale Contract Date: May 03, 2022
  • Previous Sale Amount: $13,250,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA, N.A.
  • First Mortgage Transaction Date: May 08, 2023
  • First Mortgage Loan Amount: $7,000,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: May 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: MIDFIRST BANK
  • Previous Mortgage Transaction Date: May 23, 2022
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $9,275,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
5.5 Baths
5,745 ft²
$1,906/ft²
$10,950,000 Jan 19, 2023
-
-
House
4 Beds
5 Baths
4,568 ft²
$2,496/ft²
$11,400,000 Nov 7, 2022
-
-

About Beverly Hills


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Frequently Asked Questions

When was property at 1071 Laurel Way built and last sold?
The property at 1071 Laurel Way was built in 1955 and last sold on Apr 27, 2023 for $12,026,000.
How much is this home worth?
The estimated value of the home located at 1071 Laurel Way is $13,584,500.
What are some comparable homes to 1071 Laurel Way?
There are currently no comparable homes to 1071 Laurel Way.

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