L.A. real estate news and insights.
That's how you pronounce "Los Feliz".
Ashley Benson's Los Feliz estate is now in escrow!
The Spanish Revival estate features a drop-down theatre screen, Control-4 smart system, a gourmet custom kitchen, a speak-easy VIP lounge bar, and a hair salon.
Asking price: $9,499,000
Text me if you want to put in a backup offer 818-445-7953.
An analysis from the real estate site Redfin finds that would-be homeowners now need to earn $200,000 or more in eight U.S. cities, including L.A. This is because the average rate for a 30-year fixed loan is now hovering near 7%. Mortgage payments rose by an average of nearly 46% over the last year.
The typical U.S. homebuyer needs to pull down about $107,000 a year to afford a median monthly mortgage payment of roughly $2,700. Only a year ago, your salary needed to be closer to $74,000.
But some locations are much, much more expensive than others. In L.A., the median home price is $823,500. That means, by Redfin’s calculation, you need an annual income of $221,592 to make the numbers work.
This is the best "Fixer Upper" for sale this week in Van Nuys.
Asking price: $824,998
This custom-built farmhouse has 2 bed/3 bath, 2,066 sq. ft. of living space, and is on a 4,048 sq. ft. lot.
Text me for more info at 818-445-7953.
Here is the most expensive home for sale this week in Los Feliz.
Asking price: $9,885,000
This grand art nouveau mansion has 4 bed/4 bath, 5,582 sq. ft. of living space, and is on a 75,596 sq. ft. lot.
The home features a 2 story living room, octagonal lounge/study rooms, a stone staircase, an observation tower, and a large roof terrace.
Outdoors include gardens, a basketball court, a guest apartment, and a large 2nd flat lot.
Text me for more info at 818-445-7953.
