Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California
Mary Cummins, Real Estate Appraiser, Animal Advocates, Los Angeles, California

Thursday, June 13, 2019

Donald Trump sells his home in Beverly Hills at 809 N Canon Dr, 90210 for $13,500,000

Donald Trump Beverly Hills home house 809 N Canon Drive, California 90210, Beverly Hills Hotel, Mary Cummins, real estate appraiser, appraisal
Donald Trump sold his home at 809 N. Canon Drive, Beverly Hills, California 90210 for $13,500,000. Seller was 809 N Canon LLC,  Trump Tower, 725 5TH AVE #  26THFL, NEW YORK NY 10022, and buyer was Hillcrest Asia Ltd. The home was built in 1927. It is 5,395 sf on a 29,295 lot. It's located on an acute corner with three major streets surrounding it. It has 5 bedrooms, 6 baths and a pool.

Donald Trump bought the property in 2007 for $7,000,000 at the peak of the market six months before the great recession began. Trump appeared to have owned it with no loan. The current owner paid all cash.

I ran some comps +/- 15% GLA, within six months of date of sale properties between Carmelita and Sunset, and Bedford and Alpine. Value $9.5-$10M tops. The location is bad because it's at the intersection of Sunset Blvd and Beverly and Canon. It's a corner lot with a tight angle. Lack of privacy, security and noise, light pollution from Sunset Blvd. You also can't build on most of the lot because of the irregular shape and setbacks.

The previous owner was Thomas C Bowles a real estate investor who died in 1985. His wife Mary Bowles survived then died in March 2006. The trust sold the home to Trump. The home had been in the family since at least the 1960's.

Mary Cummins of Animal Advocates is a wildlife rehabilitator licensed by the
Mary Cummins of Animal Advocates is a wildlife rehabilitator licensed by the California Department of Fish and Game and the USDA. Mary Cummins is also a licensed real estate appraiser in Los Angeles, California.


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