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$22,500,000

Beds
7
Baths
10.25
sq ft
9,690

414 S Cliffwood Ave, Los Angeles, CA 90049

414 S Cliffwood Ave

Los Angeles, CA 90049

  • 54 days on market
    • Price drop $3,000,000↓
Introducing 414 South Cliffwood Avenue, an elegant estate set on over half an acre of impeccably manicured grounds in Brentwood. This impressive estate features a 6,890 square-foot main residence and a 2,800 square-foot guest house emphasize entertainment and connection in every part of the home. Originally built in 1987 and meticulously remodeled in 2024, this home exudes timeless elegance while being perfectly suited for modern living. The expansive property boasts seven bedrooms, including a luxurious primary suite with dual vanity bathroom and dual closets, a private study, and a serene meditation room. Four additional guest bedrooms are located in a separate wing. All with access to a children's library, ideal for family gatherings. Ideal for those who love to entertain, the estate features a chef's kitchen, a formal dining room, and a piano room, with a seamless flow to several outdoor lounge areas. The lush, landscaped gardens frame resort-style amenities, including a sparkling pool and cabana, sauna, multiple seating areas and a sport court. The guest house offers additional leisure, featuring a theater, billiard room and gym. This estate is the ultimate retreat, offering privacy, luxury and an abundance of amenities in one of LA's most sought-after neighborhoods. A short stroll to the Brentwood Country Mart, this is a rare opportunity to own a reimagined Brentwood estate.

Details

Property type

Single Family Residence

Est. home value

$15,957,822

Property condition

Updated/Remodeled

Lot size

0.5973 acres

Price per sq ft

$2,322

Year built

1987

HOA

No

Price History

12/11/2024
CLAW

CLAW #24457429

Price change
$22,500,000
-11.76%
10/29/2024
CLAW

CLAW #24457429

Listed
$25,500,000
+75.86%
02/07/2023
CLAW

CLAW #22186427

Sold
$14,500,000

Schools & Community

Neighborhood: 

Brentwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$10,061,358
Asking price
$22,500,000
Closing costs (~8% of asking)
-$1,800,000
Est. remaining loan balance
-$10,638,642
Cash to seller
$10,061,358

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2023

Original loan amount

$10,875,000

Est. remaining balance

$10,638,642

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Sean Shahriar Kia and Rojean Azimi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 9:15 AM

Listing updated: 12/13/2024 at 11:25 AM

Listed by: H. Blair Chang, The Agency Phone #: (424) 230-3700

MLS: CLAW #24457429

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