L.A. real estate news and insights.
Shemar Moore buys a new construction home in Valley Village!
This home has 5 bed/6 bath, 3,130 sq. ft. of living space, and is on a 7,002 sq. ft. lot.
The property features a main house, ADU/guest house, an expansive backyard with a pool/spa and outdoor kitchenette.
Asking price: $2,495,000
Selling price: $2,495,000
Accessory dwelling units, also referred to as ADUs and “granny flats,” have been available in California only as rentals. But a new law is giving Californians the opportunity to buy and sell them as condominiums.
ADUs come in all shapes and sizes — for example, a converted garage, a small home in the backyard, or, as often seen in San Francisco, an unused portion of the main house.
Under AB 1033, which was signed into law this week, property owners in participating cities will be able to construct an ADU on their land and sell it separately, following the same rules that apply to condominiums.
Under the new law, local governments need to opt in to the ADU-as-condominium approach for it to be an option in their cities.
As with new condominiums, homeowners building ADUs must notify the local utilities, including water, sewer, gas and electric, of the creation and separate conveyance of the unit. Each property will also have to form a homeowners association to assess dues to cover the cost of caring for the property’s exterior and shared spaces, such as the driveway, a pool or a common roof.
Selling ADUs as condominiums is having success in places such as Oregon, Texas and Seattle. Sample sales for neighbor residential parcels with detached ADUs, reporting that a unit of more than 1,000 square feet sold for an average of anywhere between $500,000 to $800,000.
Source: Los Angeles Times
Here is the most expensive home for sale this week in North Hollywood.
This home has 5 bed/4 bath, 2,600 sq. ft. of living space, and is on a 7,263 sq. ft. lot.
The home features a 1 bed/1 bath ADU, a brand-new pool, synthetic grass, and paid-off solar panels.
Text me for a private tour at 818-445-7953.
The Eagles’ Joe Walsh buys Sherman Oaks Bungalow.
Asking price: $2,395,000
Selling price: $2,345,000
This home has 3 bed/3.5 bath, 2,446 sq. ft. of living space, and is on a 9,120 sq. ft. lot.
The gated property features a home theater, an ADU, a secret vegetable garden, a pool, BBQ, and a pool house.
This is the most unique home for sale in Sherwood Forest.
This Custom-built English Tudor home has a total of 7 bed/7 bath, 5,978 sq. ft. of living space, and is on a 13,502 sq. ft. lot.
The property features a main home, a guest house, an outdoor waterfall shower, and a newly renovated pool and spa in the backyard.
Asking price: $2,099,000
Text me if you want a tour: 818-445-7953.
Did you see the ADU?
For the general location of this Sierra Madre off-market property, in Google maps, put in "Grand View Ave. and Cañon Ave."
Text me for more info at 818-445-7953.
The Spanish-style home features wrought iron railings, arch-shaped doors, stained glass windows, and a gourmet kitchen.
Outside there are fruit trees, a gazebo, and an ADU.
This is the cheapest home for sale this week in Burbank.
Asking price: $879,000
This home has 2 bed/1 bath and 1,138 sq. ft. of living space on a 6,279 sq. ft. lot.
The property features an updated kitchen, a single-car attached garage, and the backyard has a large patio and room to add on or build an ADU.
Text me for more info at 818-445-7953.
For the general location, in Google maps, put in "Foothill Blvd. and Mt Gleason Ave."
Text me for more info at 818-445-7953.
This home has 3 bed/2 baths, almost 1,500 sq. ft. of living space, and the lot is about 8,000 sq ft.
The fenced-in corner lot home features a spacious family room, an updated kitchen, a sizeable concrete-covered patio, and an attached garage.
For the general location, in Google maps, put in "Vanowen St. and Woodley Ave."
Text me for more info at 818-445-7953.
This corner lot home has 3 bed/2 baths and 1,534 sq. ft. of living space and is on a 5,425 sq. ft. lot.
The home could potentially be divided into 2 units. The 2-car garage would also make a nice ADU.
Here is the cheapest home for sale this week in Reseda.
Asking price: $619,900
This home has 2 bed/1 bath, 832 sq. ft. of living space, and is on a 6,409 sq. ft. lot.
The corner lot home is being sold "as-is" and has ADU potential.
Text me if you want a private tour at 818-445-7953.
For questions call/text the listing agent, Daniel Madariaga, at 818-445-7953. For more info visit CentinelaHome.com.
Attention Builders! This Silicon Beach property comes with fully approved RTI permits to build a 3-story duplex, with an attached ADU, all with an amazing rooftop deck.
Each unit has 3 bedrooms. Two units have 3 ½ baths, and one has 2 ½ baths. The plans also include an attached 1-car garage and 3 uncovered parking stalls.
Located close to Playa Vista, this property is just feet away from the Ballona Creek bike path, which takes you directly to the beach.
If you're looking to build three new units in Silicon Beach, all at a great value, this might be the property for you. RTI permits are available upon request.
Text me for more info at 818-445-7953.
For the general location, in Google maps, put in "Rinaldi St. and White Oak Ave."
This 2-story home has 6 bed/4 bath, 5,864 sq. ft. of living space, and is on a 15,475 sq. ft. lot.
There is also a 1,100 sq. ft. detached ADU.
The backyard features an extended back porch, pool with spa, and an outdoor kitchen with a built-in BBQ.
This is the cheapest home for sale this week in Lake Balboa. First time on the market in 50 years!
Asking price: $749,999
This home has 3 bed/1 bath, 1,168 sq. ft. of living space, and is on a 7,200 sq. ft. lot.
The home features dual pane windows, copper re-pipe, and a detached garage.
Text me for more info at 818-445-7953.
Core Logic has reported that median monthly mortgage payments in Los Angeles have increased 40 percent from 2021 to 2022.
Real estate experts blame this on the high prices of homes and mortgage rates for this occurrence according to CBSNews.com.
This is the cheapest home sold this week in North Hollywood.
Asking price: $699,000
Selling price: $775,000
This corner lot starter home has 2 bed/1 bath, 810 sq. ft. of living space, and is on a 6,416 sq. ft. lot.
The home features central air/heat, double pane windows, a recently remodeled bathroom, and a 2 car garage that has great ADU potential.
