Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

1012 Wallace

Beverly Hills, CA, 90210

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$38,000,000

MLS: 24445631

Beds

5

Baths

6

Sq Ft

5,500

Lot

0.83 ac

Year Built

MLS #

24445631

Days on Market

480

Listed

Sep 30, 2024

Description

Iconic Trousdale mid-century modern estate designed by the legendary A. Quincy Jones, FAIA. Set on a nearly 1-acre flat lot, on one of the top 3 best promontory lots in Trousdale, with sweeping unobstructed city to ocean views and one of the biggest flat grassy lawns in Trousdale. Soaring ceilings, a floor plan that is perfect for entertaining, and one of the best views in Trousdale. Secured, private, and a very peaceful setting. Trousdale has a rare few gems, and an architectural marvel like this comes up once in a lifetime. Here is your chance to own a piece of history in the number one location in all of Los Angeles.

Location

Beverly Hills, Los Angeles County, CA 90210

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Listed by: Branden Williams · The Beverly Hills Estates

Payment estimate

$264,264

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $3,800,000 · Loan: $34,200,000

%
Principal & Interest
$210,131
Property tax (1.25%)
$39,583
Homeowners insurance
$300
Mortgage insurance
$14,250
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Beverly Hills home with as little as 3.5% down using an FHA loan — roughly $1,330,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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