This property has been mis-marketed for years. Yes, it is a ground-breaking Mid Century modern designed by America's iconic architect William Pereria. Yes, it was owned by Frank Sinatra and was the playground for Hollywood's elite. Yes, it is zoned for Equestrian and Agriculture (think Vineyard!). Every Studio, every Production… Read More Designer, and every Location Manager knows about this fabled property. While this listing has been over-priced for the past thirteen years, under new Ownership, it finally is ready to sell, for the right fair market value. This property has been grossly under-utilized to maximize its income potential. The recent HERMES Red party vividly demonstrates the dynamic opportunity. Corporate retreats, curated gourmet chef events, or even Air BnB rentals can juice the yield to this crown jewel to enviable recurring revenue stream. New ownership indicates a new approach to a realistic sale. Come see for yourself. Sale can include the additional APN: 2727-021-022, also known as 9361 Farralone Avenue. 022 currently includes the larger residence, 021 includes the smaller house and approved 11 parcels. There is Tentative Tract Map approval for eleven separate parcels and can be developed as a very special guard-gated community. Read Less
Property listed by The Agency, Craig Knizek 424-230-3700
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Partial Baths
2
Square Ft.
1,019
Lot Size
9.56 Acres
Year Built
1951
MLS Number
25500621
30 Days Snapshot Of 91311
$1,042k
+12%
(avg) sold price
17
+21%
homes sold
87
+31%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Range, RangeHood
Building
Built in 1951, Building area total: 1,019, Levels: One, Living area: 1019, 1 story, Architectural style: MidCenturyModern, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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