See Home Value
$8,871,481*
House - Off Market

516 N Alta Dr

Beverly Hills, CA 90210
bedrooms
5 Beds
bathrooms
5.5 Baths, 1 Half Bath
square feet
4982 Sqft
$7,875,000 - $9,625,000
Reference Base Price*
1.39%
Since Jul 1, 2023
CA-Los Angeles
Primary Model
Sold Jun 13, 2023
$7,700,000
$3,500,000 by Citibank, Na
Mortgage Due Jul 01, 2053
Sold Jan 14, 2011
$3,675,036
$3,307,500 by Citimortgage Inc
Mortgage Due Feb 01, 2041

About This Property

A Stunning updated Spanish on one of the most desirable streets in coveted Beverly Hills flats still boasts the original hand carved doors and stained- glass windows. Each room of the house has a special charm from the sweeping staircase with original deco tile risers to the bright and airy dining room to the dramatic fireplace and stained-glass wall in the living room. The large and spacious family room has impressive French doors that open onto an enormous, covered patio with BBQ and wood burning Mugnaini pizza oven. The expansive chef's kitchen is adorned with Calcutta Borgia porcelain counters, and boasts double Wolf ovens, multiple Fridges, dishwashers and wine fridges. One of the four spacious bedrooms upstairs is being used as a movie room replete with surround sound and built-in refrigerators, so sodas, candies and ice-cream are only an arms-reach away. The maid's room is currently being used as an office. The primary suite has a view of hills and treetops and overlooks a very private backyard with swimming pool and fireplace. The garage has been converted into two rooms, a pool room with fridge, steam shower and a separate gym. The porte cochere and driveway allows parking for six cars. The house has a security system and cameras. Finally, automated systems create a smart home operated by both touch screens and phone app.

The manager has listed the unit size as 4982 square feet.
Unit Size
4,982Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$1,756
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Jun 16, 2023 No longer available -
No longer available
Jun 13, 2023 Sold $7,700,000
Sold
May 2, 2023 In contract -
In contract
Mar 13, 2023 Listed $8,750,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,563
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 670
  • Total Building Area: 4,982
  • Building Area: 4,982
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 4,982
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEVERLY HILLS
  • Land Acres: 0.243
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEVERLY HILLS LOT/SEC 9 BLK/DIV/TWN 112

Ownership

  • Current Owner : TADA TRUST
  • Previous Owner : FOGELMAN FAMILY TRUST
  • Owner Before Previous Owner: GALEN STEVEN
  • Owner Before Previous Owner 2: GALEN AMY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Beverly Hills Unified School District
  • Census Tract: 700600

Zoning

  • Zoning: BHR1*

Geography

  • Assessors Map Reference: 33-C5
  • Parcel: 4341-003-008
  • Block: 112
  • Lot: 9
  • Municipality: WEST /BEV HILLS NORTH
  • Latitude: 34.0811
  • Longitude: -118.393

    Address

  • Full Address: 516 N Alta Dr
  • Address - House Number: 516
  • Street Direction: N
  • Address - Street Name: Alta
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Beverly Hills
  • Carrier Code: C011
  • 4-Digit Zip Code: 3502
  • Zip Code: 90210

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $53,302
  • Tax Rate Code Area: 02-410

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 5,788,686
  • High Value: 7,120,731
  • Low Value: 4,456,640

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,500,000
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Jun 13, 2023
  • First Open Lien Mortgage Loan Amount: $3,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,525,492
  • Assessed Land Value: $2,980,546
  • Assessed Improvements Value: $1,544,946

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: Jun 13, 2023
  • Current Sale Transaction ID: 11907904833
  • Current Sale Price: $7,700,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 384214
  • Previous Sale Recording Date: Jan 14, 2011
  • Previous Sale Contract Date: Oct 12, 2010
  • Previous Sale Amount: $3,675,036
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK, NA
  • First Mortgage Transaction Date: Jun 13, 2023
  • First Mortgage Loan Amount: $3,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: Jan 14, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $3,307,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2041



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
6 Beds
8 Baths
5,385 ft²
$1,763/ft²
$9,495,000 Dec 1, 2022
-
$4,408/mo
Condo
4 Beds
5 Baths
3,622 ft²
$2,347/ft²
$8,500,000 Jan 12, 2023
-
$5,649/mo

About Beverly Hills


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Frequently Asked Questions

When was property at 516 North Alta Drive built and last sold?
The property at 516 North Alta Drive was built in 1930 and last sold on Apr 26, 2023 for $7,700,000.
How much is this home worth?
The estimated value of the home located at 516 North Alta Drive is $8,837,500.
What are some comparable homes to 516 North Alta Drive?
There are currently no comparable homes to 516 North Alta Drive.

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