[randycupertino]

Love this compound and all the hiking paths up around in the surrounding hills. Truly an peaceful property to immerse yourself in work and entertaining! Property taxes are gonna spike for the new buyer though due to prop 13 so make sure to factor that into your offer vs the $15k a year in the listing...

Hopefully whoever buys this gem doesn't tear it down to build some modern boxy McMansion.

[gyomu]

> Truly a peaceful property

What you don’t realize if you’ve never spent time around those ridiculous properties is the amount of upkeep everything takes if you don’t want the indoors to become gross and dusty and the outdoors a wild jungle.

When you have that kind of surface area, you’re not taking care of all the cleaning and maintenance yourself in a few hours once a week. There are countless gardeners/cleaners/repair workers/etc on the property. Nothing peaceful about it.

And you have to also be okay with the labor dynamics of employing such an army of personnel which in LA is… interesting.

[TheOtherHobbes]

Does it not come with an army of weirdly mundane hopeful monsters who will reveal themselves to you one by one if you buy it?

[dfxm12]

The lady in the radiator is anything but mundane. :)

[eastbound]

I have 2000sqm of land and I feel like 1. the CEO of garden operations, 2. a sitting duck in terms of money and invoicing.

[shoubidouwah]

> Too much land to manually manicure a lawn on top of > too little land for john deere to be of any practical help I feel you.

[nabla9]

That's why you have multiple properties and household manager.

Most of the maintenance is done when the owners is not in residence”.

[tills13]

If you're dropping $15m you aren't worried about property taxes regardless of how much they do or do not increase.

[rconti]

It's probably just a general comment for folks who don't understand CA property taxes. I've lived here my whole home-buying life, so it never crosses my mind to look at the Zillow property tax figure when doing my mental maths on whether I can afford something, but if you lived in an area where the figure in Zillow actually means something to the buyer, you might be in for a surprise in CA.

Here, it's just an easy 1%, so the math isn't hard. I'm not sure if other states have highly variable rates on a county-by-county basis, or if other states also tend to have consistent rates within their borders.

[HankStallone]

In Illinois, how property is valued and taxed seems pretty obscure, and may involve witchcraft.

The rate on my tax bill is 6.03%. But that's on a "net taxable value" that's about 40% of what I paid for the place 15 years ago, and maybe 25% of what I could get for the place now. So the rate is effectively 2.5% of what I paid, or 1.4% of what I could get. The total tax has also gone up 26% since 2020, increasing by more each year, but I don't know whether they've raised the rate each year or the valuation.

It's probably possible to find out how it works, but there's not much point. It is what it is, so you pay it or leave. No one lives in Illinois for the tax rates.

[adastra22]

Property tax would be roughly $200k/yr, forever. That’s a nontrivial expense for anyone below billionaire levels.

[tossandthrow]

Ah yes, the ZIRP induces decompression of assets prices - hopefully for people buying into the extreme ongoing expenses, we will see serious inflation over the next years.

If there is not inflation and value compressions kicks in, then there are some people who will be ... burdened.

[CamperBob2]

Looking at the full set of photos in the Zillow link that esalman posted, sorry, but that kitchen has gotta go.

[nadnad]

Incredible kitchen! With the narrow tall doors, brass knobs, and nice touch with the all-pistachio countertops.

[dilyevsky]

Unless you’re also a chain smoker everything inside that house probably needs to go

[rob74]

Maybe a David Lynch mega-fan who has $ 15 million to spare will buy it and convert at least part of it into a (nicotine-heavy) museum? But the neighbors would probably object, as they always do when tourists dare to stray into hallowed Hollywood Hills...