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.
This data shows why we are seeing multiple offers on properties again... there are still not enough homes for sale!
Closed sales this past January fell to 9,938, the lowest number of transactions in records dating back 35 years, real estate data firm CoreLogic reported Tuesday, Feb. 28.
An average January has about 17,000 closings.
We need more homes to hit the market to meet buyer demand!
Cheapest home sold this week in Sierra Madre.
Asking price: $700,000
Selling price: $1,025,000 ($325,000 over asking - all cash)
This major fixer has 3 bed/2 bath, 2,170 sq. ft. of living space, and is on an 8,044 sq. ft. lot.
The Mid-Century home features an open floor plan with a large living room, dining area, and kitchen.
The home needs extensive repairs to the main systems - plumbing, septic, heating, electrical, and roofing.
This Queen Anne Victorian home has 7 bed/5 bath, 4,500 sq. ft. of living space, and is on a 21,716 sq. ft. lot.
This historic home was built in 1894 for the Burr Family.
Asking price: $1,900,000
Text me for more info at 818-445-7953.
Here is the cheapest home for sale this week in Valley Glen. Text me for more info at 818-445-7953.
Asking price: $839,000
This home has 3 bed/2 bath, 1,437 sq. ft. of living space, and is on a 5,500 sq. ft. lot.
This is the first time this property has been on the market in 60 years!
This fixer-upper features beamed ceilings, a family room, an enclosed sunroom, a laundry room, 2 car garage, and a private backyard.
For the general location, in Google maps, put in "Reseda Blvd. and Nordhoff St."
This corner lot home has 3 bed/2 baths, 1,542 sq. ft. of living space, and over 6,151 sq. ft. for the lot.
The updated home features a remodeled kitchen with a breakfast bar, and the 2-car garage has been converted into a home gym.
Text me for more info at 818-445-7953.
For the general location, in Google maps, put in "Plummer St. and Balboa Blvd."
This home has 3 bed/2 baths, 1,700 sq. ft. of living space, and over 7,600 sq. ft. for the lot.
The newly updated home features gray laminate flooring, recessed lighting throughout, and a marble fireplace in the living room.
The backyard has a large, covered patio with a fire pit and a grassy area.
Text me for more info at 818-445-7953.
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.
After several years of extremely depressed inventory available for sale, buyers are seeing the number of options available on the market return to pre-pandemic levels.
Last week, there were nearly 46,000 homes listed on various MLS's across California. That is well above 2021 levels and is approaching the 2020 peak reached before the effects of the pandemic began to erode supplies.
Listings of homes priced below $600,000 have started to rise as well, with twice as many homes between $400,000 and $600,000 for sale last week than at the beginning of the year.
Text me if you want a tour at 818-445-7953.
Best fixer-upper for sale this week in Reseda.
Asking price: $799,999
This home has 4 bed/2 bath, 1,653 sq. ft. of living space, and is on a 7,901 sq. ft. lot.
There is room to add on to the existing home or tear it down and start from scratch.
Off-market property in Valley Village.
This gated 2-story home has 6 bed/4 bath, 3,200 sq. ft. of living space, and is on a 6,674 sq. ft. lot.
The home features a built-in home sound system, stainless steel appliances in the kitchen, and a guest room and full-size bath on the 1st floor that can easily become an in-law suite.
The private backyard has a patio with a pergola and a flat yard with fruit trees.
Text me for a private showing at 818-445-7953.
