L.A. real estate news and insights.
Joseph Gordon-Levitt bought this historic craftsman estate in Pasadena.
This home has 7 bed/7 bath, 7,672 sq. ft. of living space, and is on a 24,947 sq. ft. lot.
The restored home features an art studio, gym, and billiards room, and the finished basement has a wine cellar.
Asking price: $5,100,000
Selling price: $4,602,000
Actress Chloë Grace Moretz sells Studio City home.
Asking price: $5,995,000
Selling price: $5,650,000
This Spanish estate has 6 bed/6 bath, 6,715 sq. ft. of living space, and is on a 24,087 sq. ft. lot.
The property features breathtaking canyon and city views, a dark bottom pool, a spillover spa, a built-in BBQ, and a wood-burning fireplace.
Here is the cheapest home sold this week in Mid-City LA.
Asking price: $795,000
Selling price: $775,000
This home has 3 bed/2 bath, 1,265 sq. ft. of living space, and is on a 2,000 sq. ft. lot.
The fully renovated home has a new kitchen, bathrooms, windows, flooring, mini-split AC, electrical, plumbing, etc.
It is close to Midtown Crossing shopping center and just minutes from K-Town, DTLA, West Hollywood, and Beverly Hills.
For the general location, in Google maps, put in "Wilshire Blvd. and Westwood Blvd."
This condo has 3 bed/4 baths and over 2,800 sq. ft. of living space.
The building features include 24 Hour Concierge, valet parking, a pool and spa, a state-of-the-art fitness center, a banquet room, a library, and two additional social rooms.
Text me for more info at 818-445-7953.
For the general location, in Google maps, put in "Sepulveda Blvd. and Valley Vista Blvd."
This home has 6 bed/5 baths, over 3,900 sq. ft. of living space, and over 16,000 sq. ft. for the lot.
The multi-level home features views from every room and multiple balconies.
The terraced backyard has a lap pool and ample patio space, perfect for entertaining.
Text me for more info at 818-445-7953.
I have reached out to a ton of multi-unit property owners to see if they are interested in selling. The #1 response I get from the owner is that they can’t sell because their tenant stopped paying rent, they refuse to vacate the property, and the owner is not allowed to evict them. No one wants to buy a property where you have to take over that type of situation.
Looks like changes are coming soon.
Los Angeles County will move forward with a plan to lift its pandemic-era eviction moratorium and other renter protections by the end of the year, according to a 3-2 vote Tuesday by the Board of Supervisors.
The county’s moratorium, which took effect in March 2020, has protected tenants against evictions for nuisance, unauthorized occupants, and not providing entry to landlords.
With the eviction moratorium coming to an end, I’m predicting a huge increase in multi-unit properties hitting the market in 2023.
Here is the cheapest home sold this week in Newhall.
Asking price: $599,900
Selling price: $625,000
This starter home has 2 bed/1 bath, 900 sq. ft. of living space, and is on a 5,454 sq. ft. lot.
The home has hardwood floors throughout, stainless steel appliances in the kitchen, and a newly remodeled bathroom.
The share of Realtors who have seen home sellers reduce their price to attract buyers increased for the fifth consecutive month to 43.4%.
The share of buyers expecting lower prices also has more than doubled from 32% in April 2022 to 78% in September 2022.
Source: Latest California Association of Realtors monthly member sentiment survey
Here is the cheapest home sold this week in Highland Park.
Asking price: $799,500
Selling price: $800,000
This 2-story home has 3 bed/2 bath and 1,066 sq. ft. of living space.
The home features new paint, updated flooring, and original wood stairs.
The Warehouse style garage includes an attached storage or workshop room, high ceilings, and an original oil pit for at-home car repairs.
This is the most expensive home for sale in all of Los Angeles right now!
Asking price: $165,000,000
This gated, private home has 14 bed/27 bath, 56,500 sq. ft. of living space, and is on 4.68 acres.
"The Manor" features a bowling alley, beauty salon, library, screening room, billiards room, gym, wine cellar, and more.
The resort-like grounds have a caliber pool, spa, tennis court, vast lawns, and formal gardens.
Text me if you want a tour at 818-445-7953.
Here is the most unique home for sale in Bel Air.
Asking price: $16,500,000
This new construction home has 4 bed/4 bath, 7,440 sq. ft. of living space, and is on a 10,316 sq. ft. lot.
The automotive-inspired intelligible shell-shaped home features a split-level architecture, indoor/outdoor flow, a wrap-around balcony, central bridging stairs, and a glass elevator cabin with a frameless glass shaft.
The rooftop deck has views of the Pacific Ocean and was constructed with a raised pedestal floor system that eliminates standing rainwater.
Text me if you want a tour at 818-445-7953.
Just met a woman a few days ago at a business event, and we immediately began talking about real estate. She mentioned she had put her home on the market a few weeks ago. During the first week on the market, she had little activity and no offers. Anyone following the real estate market knows it has been red hot, so this had come as a surprise to her. She said that higher interest rates, inflation, the stock market being down, and the crypto market crashing all played a big part in why her home was not getting the attention she was anticipating. Therefore, she dropped her asking price by $100,000. She eventually got a couple of offers and closed escrow on her property for lower than she had hoped for.
She kept saying how grateful she was for getting the selling price she got. I thought to myself she dropped her price $100K, how could she still be grateful? She said she was grateful because her home's value had increased 20% over the last 12 months. She said she didn't get the absolute peak of the market of 20% profits, but she got 15% profits. She was thrilled that her home's value went up 15%, was able to make some money, and move on to the next chapter of her life.
My new friend makes a very good point. Would you be happy if I told you that your home's value would go up 15% in one year? Of course you would! So forget about what you could have sold your home for last month and look at the huge profits you could still get today.
Enjoy these profits while you can, because by the looks of things, the housing market is in for a major shift.
Off-market property in West Hollywood.
This Penthouse Condo has 2 bed/3 bath, over 1,500 sq. ft. of living space, and a huge rooftop deck.
There is an indoor/outdoor living experience with private outdoor spaces with panoramic views.
The building amenities include two side-by-side parking spaces, storage, and a community pool.
Text me for a private showing at 818-445-7953.
Off-market property available in Valley Village.
This home has 4 bed/3 bath, over 2,000 sq. ft. of living space, and the lot is well over 7,000 sq. ft.
The home features an open floor plan, a large fireplace in the living room, recessed lighting throughout, lots of storage space, and solid mahogany wood floors.
The backyard has a covered patio, a swimming pool heated by solar panels, and the garage has great ADU potential.
Text me for a private showing at 818-445-7953.
Text me for more info at 818-445-7953.
Off-market property in Chatsworth. You won't find this info anywhere else.
This remodeled home has 4 bed/3 bath, 2,997 sq. ft. of living space, and is on a 10,237 sq. ft. lot.
The garage has been converted into a junior ADU with a separate entrance and its own address.
The backyard has a covered patio with an outdoor kitchen, built-in BBQ, pool, above-ground jacuzzi spa, dog run, outdoor half bathroom & owned solar panels.
