L.A. real estate news and insights.
The Stebel House - designed by architect Harry Gesner is this week's "Hot Home" in LA.
This is the first time this home has been put on the market!
•Built in 1961
•3 bedrooms
•3 bathrooms
•2,726 sq. ft. of living space
•21,215 sq. ft. lot
•Amazing canyon views from every room
•Sunken living room straight out of the '60s
•Beamed ceilings and floor-to-ceiling windows
Asking price: $1,997,000
Text me if you want a tour at 818-445-7953.
With interest rates being so low right now, refinances overall increased 6% last week and are now up 88% compared to a year ago.
Source: Mortgage Bankers Association
According to a realtor.com report, September's home inventory was 39% lower compared with the same month last year.
Meanwhile, buyers are keen to take advantage of the record-low interest rates, which have been hovering at or below 3%.
Do you have a friend, co-worker, or neighbor who might be thinking about selling their property?
Referrals are what keep my real estate business going!
It would mean the world to me if you shared this message with homeowners you know who are ready to make a move.
Below are some of the properties I recently sold.
Let's get your friend's property on this list!
Text me anytime at 818-445-7953. Thanks!
• 22500 Gilmore St. West Hills, CA 91307 - Represented Seller
• 14332 Dickens St. #20 Sherman Oaks, CA 91423 - Represented Seller
• 10420 Tiara St. North Hollywood, CA 91601 - Represented Buyer/Seller
• 5040 Greenpark Ave. Covina, CA 91724 - Represented Buyer
• 22118 Caceras St. Saugus, CA 91350 - Represented Buyer/Seller
• 8554 Burnet Ave. #116 North Hills, CA 91343 - Represented Buyer
• 4058 Mckinley Ave, Los Angeles 90011 - Represented Buyer
• 1717 Loma Vista St. Pasadena, CA 91104 - Currently On Market - Asking Price
$1,249,999
Here is the cheapest price per square foot townhouse to sell this week in Northridge – price per sq. ft. - $281.06
•4 bedrooms
•3 bathrooms
•2,318 sq. ft. of living space
•2 levels
•2 car garage
•2 blocks from the great Cal State University Northridge
Selling Price: $651,500
Asking price: $681,000
There were 57 property sales in Burbank for October 2019.
Known as the Los Feliz Murder House, this home has a really creepy story behind it!
On the night of December 6, 1959, Dr. Harold Perelson murdered his wife Lillian while she slept with a ball-peen hammer. He then attempted to kill his oldest daughter, who managed to escape. Harold then told his other children to go back to bed and he went into the bathroom and killed himself with a mixture of Nembutal and tranquilizers. No one has ever really understood why, but we know that there were money troubles.
Shortly after the killings, the family’s home was sold via probate auction to Emily and Julian Enriquez. While the couple visited the mansion on occasion, and even stored some of their possessions there, for reasons that are unknown, they never lived at the property, nor did they ever move the Perelsons’ belongings out! The house sat, frozen in time, collecting dust on its furnishings.
For decades, flocks of curious visitors have climbed the hill to peer through the windows at the dust-covered dolls, crusting cans of food, and half-made beds - but none were ever allowed in.
The home eventually sold in March 2016 to Lisa Bloom and her husband, Braden Pollock. They began the extensive remodel, but then in 2019, they listed it again stating, “After three years of efforts, we gave up.”
The home is currently in escrow. Let's see how much it ends up selling for!
Original Asking price: $3,500,000 - it was reduced to $2,500,000 in October 2020.
•5 bedrooms
•4 bathrooms
•5,050 sq. ft. of living space
•26,325 sq. ft. lot
This is Burbank's most expensive home sold this week. Classic storybook home in the Burbank Hills.
It's a corner lot, so a big part of the lot is on the front/side yards, leaving little room in the backyard.
•4 bedrooms
•3 bathrooms
•2,399 sq. ft. of living space
•6,167 sq. ft. lot
•Remodeled chef's kitchen
•Finished attic room
Asking price: $1,399,000
Selling Price: $1,385,000
Here is Toluca Lake's latest “Hot Home”
•3 bedrooms
•3 bathrooms
•1,810 sq. ft. of living space
•6,021 sq. ft. lot
•Covered patio with pool
•Finished garage
Asking price $1,399,000
For a private tour, text me at 818-445-7953.
This is the most expensive home sold this week in Winnetka.
•4 bedrooms
•3 bathrooms
•2,111 sq. ft. of living space
•5,903 sq. ft. lot
•Converted garage into a large bonus room
•Pool, custom covered BBQ, separate cooktop, sink, & TV
Asking price: $799,950
Selling Price: $840,000
This is definitely the most unique home to hit the market this week in Shadow Hills.
•4 bedrooms
•3 bathrooms
•2,882 sq. ft. of living space
•31,244 sq. ft. lot
•10 car covered garage with car lift, storage, and workshop
•Apartment treehouse and separate guest house
Asking price: $1,495,000
Interested? Text me if you want a tour at 818-445-7953.
Attention Builders!
4058 Mckinley Ave. is a development opportunity for a three-story 5 bed/5 bath 1,923 sq. ft. single-family home with an attached one-car garage and a two-story 3 bed/3 bath 1,122 sq. ft. ADU.
This site is located in a great area, just 1.6 miles away from the University of Southern California and the LA Memorial Coliseum.
Ready To Issue (RTI) permits are coming soon.
So if you’re looking to build a large home with a big ADU, all at a great value, this just might be the property for you.
Floor plans and Record of Survey are available upon request.
For more info text the Listing Agent - Daniel Madariaga at 818-445-7953.
Louis Tomlinson, from the boyband "One Direction", takes a huge loss on his Hollywood Hills Mansion.
He just sold the property for nearly a million less than what he originally paid for it back in 2016.
•4 bedrooms
•5 bathrooms
•6,000 sq. ft. of living space
•20,716 sq. ft. lot
Asking price: $6,750,000
Selling price: $6,425,000
Burbank's latest "Hot Home" is located in the Magnolia Park neighborhood.
•3 bedrooms
•3 bathrooms
•1,603 sq. ft. of living space
•7,297 sq. ft. lot
•Pool
•Guest house & a detached 2 car garage
Asking price: $949,999
Text me if you want a tour at 818-445-7953.
Not everyone is able to take advantage of all-time-low mortgage rates.
Available housing credit has reached its lowest level since February 2014, Bloomberg News reports.
In January 2019, 44% of Ginnie Mae’s purchase loans were granted to borrowers who had FICO scores below 700 and debt-to-income ratios of more than 40%.
However, a year later, Ginnie Mae granted just 38% of borrowers loans with FICO scores below 700.
And in August, that dropped to 36%, according to data from the Urban Institute.
Ginnie Mae guarantees loans that are popular with first-time home buyers and lower-income borrowers.
Overall, an index of housing credit produced by the Mortgage Bankers Association shows that the availability of loans has dropped eight out of nine months so far this year.
MBA’s index has fallen 35% year over year.
