See Home Value
$19,459,361*
House - Off Market

1745 CORREA Way

Los Angeles (City), CA 90049
bedrooms
5 Beds
bathrooms
8 Baths
square feet
13950 Sqft
$11,700,000 - $14,300,000
Reference Base Price*
49.69%
Since Nov 1, 2018
CA-Los Angeles
Primary Model
Sold Dec 06, 2018
$11,000,000
$5,125,000 by Bank Of America Na
Mortgage Due Dec 01, 2023
Sold Aug 19, 2016
$10,650,000

About This Property

Once the home of entertainment legend, Garry Shandling, and his renowned basketball game, this nearly 50,000 sq ft estate lot is on the open market for the first time in more than 25 years. At the end of a coveted 9-house cul-de-sac and boasting staggering ocean views and a park-like setting with incredible mature foliage, this magical property provides the ultimate in security, privacy and serenity. The current owners were building the home of their dreams, but, due to personal circumstances, have elected to not build; this is not a developer trying to profit without building. Current LA City approved plans (with paid permits) are for a nearly 9,000 sq ft structure. The slope band analysis indicates you can build 13,950 sq ft PLUS whatever is allowed for basement. This is a one-of-a-kind opportunity to build your forever home or to develop as a spec house.

The manager has listed the unit size as 13950 square feet.
Unit Size
13,950Ft²
Days on Market
-
Land Size
48,517.00 acres
Price per sqft
$932
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992

Price History

Date / Event Date Event Price
Dec 6, 2018 Sold $11,000,000
Sold
Oct 6, 2018 No longer available -
No longer available
Jul 16, 2018 Listed $13,000,000
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Spanish
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 48,517
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 2,240
  • Total Building Area: 6,076
  • Building Area: 6,076
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,076
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7257
  • Land Acres: 1.114
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 7257 LOT COM AT MOST S COR OF LOT 8 TH NW ON SW LINE OF SD LOT 146.95 FT TH S 73 3330 W 149.39 FT TH S 28 3543 E 87.83 FT TH N 72 3330 E 50 FT TH S 17 2630 E 103 FT TH S 62 3512 W LOT/SEC 10

Ownership

  • Current Owner : J & C INVESTMENTS LLC
  • Previous Owner : KARLIN MICHAEL D
  • Previous Owner 2: 1745 CORREA WAY TRUST
  • Owner Before Previous Owner: ISAACSON WILLIAM A
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Aug 07, 2023

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 262400

Zoning

  • Zoning: LARE20

Geography

  • Assessors Map Reference: 40-F1
  • Subdivision Tract Number: 7257
  • Parcel: 4426-005-011
  • Lot: 8,146
  • Municipality: WEST /BRENTWOOD
  • Latitude: 34.0657
  • Longitude: -118.497

    Address

  • Full Address: 1745 Correa Way
  • Address - House Number: 1745
  • Address - Street Name: Correa
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C048
  • 4-Digit Zip Code: 2201
  • Zip Code: 90049

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $135,136
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 5,408,738
  • High Value: 6,605,583
  • Low Value: 4,211,894

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,125,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Dec 06, 2018
  • First Open Lien Mortgage Loan Amount: $5,125,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,794,222
  • Assessed Land Value: $11,794,222

    Sales

  • Current Sale Contract Date: Oct 24, 2018
  • Current Sale Recording Date: Dec 06, 2018
  • Current Sale Transaction ID: 11542168454
  • Current Sale Price: $11,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-1232976
  • Previous Sale Recording Date: Aug 19, 2016
  • Previous Sale Contract Date: Aug 11, 2016
  • Previous Sale Amount: $10,650,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 06, 2018
  • First Mortgage Loan Amount: $5,125,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2023



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
5,505 ft²
$2,724/ft²
$14,995,000 Sep 7, 2023
-
-
House
4 Beds
3.5 Baths
2,990 ft²
$3,645/ft²
$10,900,000 Oct 13, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1745 Correa Way built and last sold?
The property at 1745 Correa Way was built in 1992 and last sold on Oct 24, 2018 for $11,000,000.
How much is this home worth?
The estimated value of the home located at 1745 Correa Way is $12,977,321.
What are some comparable homes to 1745 Correa Way?
There are currently no comparable homes to 1745 Correa Way.

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