L.A. real estate news and insights.
Founder of Bird Scooters Travis VanderZanden sells his LA mansion at a BIG loss.
Original asking price: $24,995,000
Selling price: $10,775,000 – off market
This home has 6 bed/9 bath, over 10,000 sq. ft. of living space, and is on a 56,832 sq. ft. lot.
Meghan Trainor’s Valley Village Farmhouse hits the market!
4 bed/4 bath, 3,401 sq. ft. of living space, and is on a 7,922 sq. ft. lot.
Asking price: $2,395,000
Text me if you want a tour: 818-445-7953.
On HBO Max, search "House Hunters Renovation".
Then look for Season 9, Episode 4 - Three Agents, One Renovation.
You can also watch at HouseHuntersRenovation.com.
Gene Simmons former estate gets a total makeover!
This completely unrecognizable home has 7 bed/11 bath, 16,390 sq. ft. of living space, and is on almost 2 acres of land.
Asking price: $48,000,000
Text me if you want a tour: 818-445-7953.
Scooter Braun cuts the price on his LA estate again!
Current asking price: $19,950,000
Original asking price: $23,950,000
This home has 6 bed/10 bath, 8,500 sq. ft. of living space, and is on over 2 acres.
Text me if you want a private tour at 818-445-7953.
The report from Consumer Affairs analyzed 2021 data from the U.S. Census Bureau against two metrics - median monthly housing costs and median owner-occupied unit values - to determine which U.S. cities are the most expensive. To the surprise of no one, California cities dominated the list, ranking four out of the top five spots.
Below shows the top 5 most expensive cities in the US, along with their median monthly housing costs (such as utilities, insurance, and rent or mortgage payment):
1) San Jose: $2,463
2) San Francisco: $2,337
3) San Diego: $2,044
4) Seattle: $1,984
5) Los Angeles: $1,845
Los Angeles comes in under Seattle in terms of median home values ($812,800) and median monthly housing costs ($1,845). However, because Los Angeles residents have a median household income almost $40,000 lower than Seattle's, it has the highest monthly housing costs relative to income of any city in the list's top 10.
If you're looking for the least expensive city for housing costs, head over to Detroit, Michigan. According to the report, residents' median monthly housing costs here are $755.
P Diddy is selling his Toluca Lake home that his ex Kim Porter lived in.
Asking price: $6,999,999
Selling price: Pending
This gated estate has 6 bed/7 bath, 9,655 sq. ft. of living space, and is on a 23,399 sq. ft. lot.
The home features a grand 2 story entry foyer, a large kitchen and great room, a fireplace and balcony in the master suite, and a media room upstairs.
The backyard has a large pool w/ spa, lawn, and basketball court.
This is the most expensive home to sell this week in Los Angeles.
Asking price: $25,000,000
Selling price: $23,900,000
Located in the Brentwood area, this brand new construction home has 8 bed/11 bath, 12,043 sq. ft. of living space, and is on a 38,928 sq. ft. lot.
The home features disappearing electrified Fleetwood doors, an attached 3 bedroom guesthouse, and a chic screening room with blue velvet walls.
There is a Cantera stone patio in the backyard that overlooks a 48-foot swimmers pool and spa along with an outdoor cabana that has a fireplace and kitchen.
The rush is on to see a house as soon as it’s listed. But after the first five days of listing a home, showings drop considerably, according to a new analysis of June home showing data from ShowingTime, a showing management and tech firm for residential real estate.
ShowingTime’s June analysis of more than 6 million properties nationwide revealed a significant slowdown in home showing traffic compared with more recent months. That may be due to more listings coming on to the market: New listings in June rose 5.5% year over year and are up 10.9% over the prior month, according to a new report from realtor.com®.
Still, the first five days of listings are “hyperactive with double-digit showings and offers submitted quickly,” according to ShowingTime.
New Los Angeles listings averaged more than 30 showings in the first five days, according to the ShowingTime index.
Nationwide, homes that are listed on a Tuesday, Wednesday, or Thursday tend to sell on average for $1,700 more than homes listed on the weekend.
For homes in Los Angeles, the dollar amount is estimated to be even higher.
These middle-of-the-week listed homes also sell nearly two days faster.
The reason behind this is because it gives potential buyers a few days to see the home, talk to their agent, and set up a showing for Saturday or Sunday.
Another realtor.com® study shows the best time of year to list a home is the week of April 18-24.
Sellers who list their homes during this time could have 5% less competition, sell eight days faster, and see 11% more online page views than the average week, according to the analysis.
Off Market Triplex For Sale in LA. Views of the Hollywood sign!
This property is completely renovated.
The 2 downstairs units have a 2 bed/1 bath, and the upstairs unit has 3 bed/ 2 baths.
There is a total of 4,030 sq. ft. of living space and it's on a 7,000 sq. ft. lot.
The units feature wide plank floors, wood moldings, shaker cabinetry, LG appliances, and each unit has its own laundry hookups.
The Building has a brand new roof, Milgard windows & doors, HVAC, new kitchens & bathrooms.
Text me if you want a tour at 818-445-7953.
LA Off Market Condo Available Now!
This condo has 2 bed/3 baths and 1,696 sq. ft. of living space.
There's an oversized master with a walk-in closet, a huge master bath with a rain shower, a washer & dryer in-unit, and a contemporary chef’s kitchen with stainless steel appliances.
The building has underground parking and a rooftop clubhouse with a sunning deck that has panoramic views.
Text me if you want a tour at 818-445-7953.
Housing demand is so intense that the data shows nearly half of homes are selling within a week of hitting the market. That's a record.
Just over 1 million homes are available for sale nationally, compared to a peak of more than 4 million at the height of the last housing bubble in 2007.
Off Market Condo for Sale in West Hollywood.
Located in the Norma Triangle, this condo has 1 bed/1.5 bath and 1,218 sq. ft. of living space.
The property features an open concept renovation, state-of-the-art kitchen, temperature-controlled wine storage, master suite, in-unit laundry, and a full unit length balcony.
The building recently had a massive multi-million-dollar renovation. Amenities include a beautiful lobby, 24 hr. concierge and valet, two pools (main level and rooftop with amazing 360-degree skyline views), and a fitness center.
Text me if you want a tour at 818-445-7953.
The most expensive property for sale this week in Beverly Hills is the Legendary Hearst Estate - the starting bid is $89,750,000!
The main home has 8 bed/15 baths, 29,000 sq. ft. of living space, and is on 3.5 acres.
In addition to the main house, there are 2 guest apartments, a pool house, and a 2 story 5 bedroom gatehouse.
The famous property features a historic 2-story wood-paneled library, a billiards room w/fireplace, an art-deco nightclub, 2 projection/screening rooms, and entertaining areas that can accommodate 1,000 guests.
Outside there are sun-soaked terraces, lawns, waterfalls, an Olympic-sized pool, and a tennis pavilion.
Text me if you want a tour at 818-445-7953.
