See Home Value
$6,253,616*
House - Off Market

4650 Forman Avenue

Toluca Lake, CA 91602
bedrooms
7 Beds
bathrooms
8 Baths, 1 Half Bath
square feet
7325 Sqft
$3,776,000 - $4,614,000
Reference Base Price*
49.07%
Since Oct 1, 2018
CA-Los Angeles
Primary Model
Sold Nov 19, 2021
$4,950,000
$2,000,000 by 5th Street Capital Inc
Mortgage Due Dec 01, 2061
Sold Oct 05, 2018
$4,050,000
$3,037,500 by City National Bank
Mortgage Due Oct 01, 2048

About This Property

HUGE PRICE REDUCTION!!! Luxurious New Development in an upscale Toluca Lake neighborhood, the city that was called home to the legendary Bob Hope with nearby historical parks, golfing, airport, entertainment, lake, and great schools.  7,325 sq.ft. w/no detail spared in construction from 7 oversized bedrooms to 7.5 bathrooms. Bright and light throughout with an open floor plan, custom finishes, gleaming hardwood floors, decorative light fixtures, cozy fireplaces, high end hardware & details that leave all your senses satisfied. Master retreat boasts a fireplace, his and her walk-in closets, sitting area, and spa tub. Gourmet kitchen fully equipped w/top brand stainless steel appliances, butler's pantry, shelving, abundant cabinet and counter space, 2 separate center islands for the chef and connects to a beautiful family room, classy bookshelves, floor to ceiling doors that seamlessly take you to the tropical outdoor private backyard bringing family and friends together to enjoy a pool, spa w water features, builtin bbq zone for grilling, patio, grassy area, & lush surroundings, full size theatre room, an elegant living room & formal dining room combination, upstairs landing area perfect for kids rec room or loft, 3 car garage and scenic front yard space, smart home equipped with complete surround sound for today's modern lifestyle, home office, a full separate 1 bedroom & 1 bath Guest House w/525 square feet as part of total sq. feet all on a 14,000 sq foot secluded lot.

The manager has listed the unit size as 7325 square feet.
Unit Size
7,325Ft²
Days on Market
-
Land Size
13,912.00 acres
Price per sqft
$573
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017

Price History

Date / Event Date Event Price
Nov 19, 2021 Sold to Alan M Reback $4,950,000
Sold to Alan M Reback
Sep 26, 2018 No longer available -
No longer available
Aug 14, 2018 No longer available -
No longer available
Jul 19, 2018 Listed $4,195,000
Listed
Jun 7, 2018 Listed $4,495,000
Listed
Luxurious New Development in an upscale Toluca Lake neighborhood, the city that was called home to the legendary Bob Hope with nearby historical parks, golfing, airport, entertainment, lake, and great schools. A 7,325 square foot compound w/no detail spared in construction from 7 oversized bedrooms to 7.5 bathrooms. Bright and light throughout with an open floor plan, custom finishes, gleaming hardwood floors, decorative light fixtures, cozy fireplaces, high end hardware and details that…

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • 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: 13,941
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 900
  • Total Building Area: 6,322
  • Building Area: 6,322
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 6,322
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 13959
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PROPERTY OF THE LANKERSHIM RANCH LAND AND WATER CO 0.32 AC COM AT SW COR OF TRACT # 13959 TH S 88 51'28 W 156.75 FTTH N 1 15'57 W 90 FT TH N 88 51'28 E 155 FT TH S ON W LINE OF SD TR TO BEG PART OF LOT 190

Ownership

  • Current Owner : REBACK ALAN M
  • Current Owner 2: THE FELTWELL TRUST
  • Previous Owner : BANDARI ZAREH
  • Previous Owner 2: THE CASA DE GOOZ TRUST
  • Owner Before Previous Owner: DI NALLI CONSULTING LLC
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 125600

Zoning

  • Zoning: LARE9

Geography

  • Assessors Map Reference: 24-A3
  • Subdivision Tract Number: 13959
  • Parcel: 2420-018-019
  • Lot: 190
  • Municipality: NORTH /BURBANK
  • Latitude: 34.1554
  • Longitude: -118.352

    Address

  • Full Address: 4650 Forman Ave
  • Address - House Number: 4650
  • Address - Street Name: Forman
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Toluca Lake
  • Carrier Code: C020
  • 4-Digit Zip Code: 1617
  • Zip Code: 91602

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $58,415
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 4,250,337
  • High Value: 5,063,926
  • Low Value: 3,436,749

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: 5TH STREET CAPITAL INC
  • First Open Lien Mortgage Recording Date: Nov 19, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 480
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2061

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,049,000
  • Assessed Land Value: $4,080,000
  • Assessed Improvements Value: $969,000

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Transaction ID: 11869078085
  • Current Sale Price: $4,950,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1723284
  • Previous Sale Recording Date: Oct 05, 2018
  • Previous Sale Contract Date: Sep 04, 2018
  • Previous Sale Amount: $4,050,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: 5TH STREET CAPITAL INC
  • First Mortgage Transaction Date: Nov 19, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 480
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2061

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CITY NATIONAL BANK
  • Previous Mortgage Transaction Date: Oct 05, 2018
  • Previous Mortgage Loan Amount: $3,037,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Valley


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Frequently Asked Questions

When was property at 4650 Forman Avenue built and last sold?
The property at 4650 Forman Avenue was built in 2017 and last sold on Nov 17, 2021 for $4,950,000.
How much is this home worth?
The estimated value of the home located at 4650 Forman Avenue is $4,236,950.
What are some comparable homes to 4650 Forman Avenue?
There are currently no comparable homes to 4650 Forman Avenue.

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