L.A. real estate news and insights.
Text me if you want a tour at 818-445-7953.
“Hot Home” alert in Lake Balboa.
Asking price: $1,075,000
The main house and ADU have a combined 5 bed/3 bath, 2,338 sq. ft. of living space, and is on a 6,517 sq. ft. lot.
The home features an open floor plan, a laundry area in the bonus room, and an ADU that is ready to bring in rental income.
Is Camila Cabello finally moving to Havana? Her Villa in the Hollywood Hills above the Sunset Strip is up for sale!
Asking price: $3.95 million
This Mediterranean Revival has 4 bed/4 bath, 3,570 sq. ft. of living space, and is on a 6,320 sq. ft. lot.
The home features a private courtyard, a split-level open floor plan, and a gourmet kitchen.
Outside there is a saltwater pool, al fresco dining, fire pit, fireplace, newly built BBQ, and an attached 2 car garage.
Text me if you want a tour at 818-445-7953.
A majority of house hunters say it’s not prices that are keeping them out of the housing market—it’s other buyers. 45% of prospective buyers recently surveyed say they keep getting outbid by other offers, according to a new survey from the National Association of Home Builders. The NAHB says this is only the third time in the survey’s history that the top reason prospective buyers have been unsuccessful has not been due to finding a home at an affordable price.
In the third quarter, 66% of active home buyers say they’ve spent three months or more searching for a home without success.
Source: National Association of Home Builders’ Eye on Housing blog
Billionaire Marc Andreessen just paid a record-breaking amount for this Malibu Compound.
Original Asking price: $250,000,000
Selling price: $177,000,000
It sold for $12 million more than the earlier record set last year by Jeff Bezos in Beverly Hills.
The main house is about 10,000 sq. ft. of living space and sits on 7 acres of land.
Located in the Paradise Cove section of Malibu, the home offers panoramic ocean views.
The compound reportedly features 13 structures, including a detached screening room, multiple guesthouses, 2 barns converted into a car collectors’ garage, and a pool with a cabana.
Do you think it was a good idea to sell only one year after buying?
Ariana Grande just sold her Bird Streets Mansion.
Selling price: $14,000,000
This Contemporary Estate has 4 bed/7 bath, 10,094 sq. ft. of living space, and is on a 15,265 sq. ft. lot.
The home features floor-to-ceiling glass walls to see the skyline of LA and hills, a Chef’s kitchen with Miele appliances, a media lounge, massage/sauna facilities, a fitness studio, & a 300+ bottle wine cellar.
The backyard has a large patio and an infinity-edge pool.
How old were you when you first saw "A Nightmare on Elm Street"? I think I was 10.
Nancy’s house is for sale! Beware... you only have until midnight on Halloween to put an offer in!
Asking price: $3,250,000
This Dutch Colonial has 3 bed/3.5 bath, 2,700 sq. ft. of living space, and is on a 6,752 sq. ft. lot.
The expanded and renovated home features an open retro modern kitchen, office, ensuite bedrooms, and a detached guest house.
Freddy Krueger look-alike not included.
Only 58.9% of home offers faced competition in September, the lowest level for 2021 so far, according to a market index produced by Redfin based on offers written by its agents. That’s down from a peak of 74.3% in April. September also marked the fifth consecutive month of declines in bidding wars.
Still, homes are selling quickly: 86% of homes sold in September were on the market for less than a month, according to the National Association of REALTORS® latest housing report. About 33% of homes that went under contract had an accepted offer within just one week of being listed on the market.
45% of homes sold at or above list price, up from 22% in 2019.
Here's an update on 2 "Hot Homes" from earlier this year.
Hot Home #1: Hermosa Dr., San Gabriel
Asking price: $1,495,000
Sold price: $1,660,000
Hot Home #2: Rossmore Ave., Los Angeles
Asking price: $12,375,000
Sold price: $10,000,000
Justin Timberlake and Jessica Biel list their lush L.A. home.
Asking price: $35,000,000
This 2 story Spanish Villa has 9 bed/13 bath, 13,530 sq. ft. of living space, and is on 10.2 acres of land.
The home features a main house, guest house, an 85 ft long zero edge pool with a plunge pool below, a tennis court, meadow, and vegetable garden.
Text me if you want a private tour at 818-445-7953.
Here is the longest active home on the market in Pasadena... 528 days!
Original Asking Price: $7,495,000
Latest Asking Price: $6,599,000
This home has 5 bed/7 bath, 7,339 sq. ft. of living space, and is on 50,314 acres of land.
The 1910 English Arts and Crafts estate features a chef's kitchen, library, dining/ gaming area, kitchenette, billiard room, and climate-controlled wine room.
Outside there is an outdoor fireplace, custom kitchen, BBQ, multiple water features, and a children's pool.
Text me if you want a tour at 818-445-7953.
Is this too much money for a home across the street from apartment buildings?
This is the cheapest home sold in Eagle Rock this week.
Asking price: $920,000
Sale price: $905,000
This home has 3 bed/2 bath, 1,500 sq. ft. of living space, and is on a 6,939 sq. ft. lot.
The home features hardwood flooring throughout, it was newly painted inside/ out, and there is all new plumbing, electrical, and heating.
There is a large covered front porch and lots of fruit trees on the property. The property was sold in AS-IN condition.
Will Smith and Jada Pinkett Smith just bought this All-New Hidden Hills Mansion.
Asking price: $11,750,000
Selling price: $11,300,000
This Le Château En Ciel, “The house in the sky", the home has 6 bed/9 bath, 10,417 sq. ft. of living space, and is on a 51,928 sq. ft. lot.
The home features a chef's kitchen, custom home theater, large game room, gym with steam shower, and sliding glass walls.
Do you think the Fresh Prince did well?
Landlords will once again be allowed to take their tenants to court over missed rent payments, but not if the rental property is in the city of Los Angeles.
Here is a breakdown of what's going on with the eviction moratorium:
State of California: The eviction moratorium officially expired.
Los Angeles County residential properties: The eviction moratorium officially expired.
Los Angeles County commercial properties: The eviction moratorium expires on 1/2022.
Los Angeles City: The eviction moratorium expires on 10/2022.
"Hot Home” alert in Chatsworth.
Asking price: $1,399,000
This corner lot has 4 bed/3 bath, 2,539 sq. ft. of living space, and is on a 17,431 sq. ft. lot.
The home features a huge undeveloped area.
The master suite features a large walk-in closet, recessed lighting, and a full bath with a tub and separate shower.
Entertainers’ backyard with a pool, spa, covered patio large lawn area, and a 12’ high privacy hedge.
Text me if you want a tour at 818-445-7953.
Joe Jonas and Sophie Turner sell their Encino Mansion.
The sale was the priciest of 2021 in the San Fernando Valley and the second-most expensive of all time in the area.
Asking price: $16,750,000
Selling price: $15,200,000
This home has 9 bed/11 bath, 12,988 sq. ft. of living space, and is on a 38,343 sq. ft. lot.
The home features a spa, gym, extensive surround sound system, theater, and security system.
Alongside the main home is a lap pool with spa, 2 bedroom guest house, 4 car garage, custom wine cellar, and private balconies.
