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.
Oscar Winner Charlize Theron Is selling her Mulholland Drive home.
The home features a media room, hill and valley views, a lagoon-style pool with a spa/waterfall, and a BBQ station.
Asking price: $3,750,000– Active Under Contract
Text me for a tour at 818-445-7953.
There were a total of 10,887 homes on the market in January in LA County. This includes both new listings and homes that remain on the market unsold.
That was 13% below a year earlier, but an improvement from the 26% annual decline recorded in September.
Source: Zillow
According to the Zillow Home Value Index, home values fell in Los Angeles 0.1% between December 2023 and January 2024. Prices going down over the holidays is really no surprise as it tends to happen every year. 0.1% is far less than what I have seen in past holiday seasons.
Year over year LA home values are up 7.4%.
Some real estate experts are predicting home values could go up as much as 5% by the end of 2024.
Millennials are worried they’ll inherit properties in need of major renovations and repairs, which could further hamper affordability, a new survey shows.
Young move-up home buyers are growing increasingly worried that baby boomers, many of whom are staying put in their current home, won’t update their properties and will pass down costly renovations and repairs to the next generation of owners, according to a new study from Morning Consult and Leaf Home, a national home improvement company.
Many baby boomers are choosing not to downsize, with 68% saying they’ve lived in their homes for 30 years or more, the study shows. Many in that group admit they’ve never done renovations or replaced major appliances—and they don’t have any plans to, either.
Researchers say this could become a nightmare scenario for millennials, who may inherit or purchase these “time capsule” homes. Younger buyers’ budgets already are stretched thin by high home prices and mortgage rates. It’s difficult for many to add pricey renovations to their homebuying budget.
The cheapest condo for sale this week in DTLA.
This condo has 0 bed/1 bath and 460 sq. ft. of living space.
The 2nd-floor unit features open-concept living, exposed brick, an in-unit washer/dryer, and a soaking tub in bathroom.
The Historic Rowan Building features 24-hour security with a full concierge, 2 community BBQs, and hot/cold plunge pools.
Asking price: $388,000
Call for a private showing 818-445-7953.
The current owner is the creator of “Full House” Jeff Franklin; he bought it in 2000 for $6.37M and hired architect Richard Landry to build out the estate.
Original asking price: $85,000,000
Current asking price: $59,995,000
This Spanish Andalusian-style estate has 9 bed/18 bath, 21,000 sq. ft. of living space, and is on a 3.6-acre lot.
The property features a detached guest house, movie theatre, spa, gym, hair salon, billiards room, and bar. There are 5 aquariums and jetliner views,
Call me for a private tour at 818-445-7953.
This is the largest home for sale this week in Holmby Hills.
This modernist architecture home has a total of 10 bed/13 bath, 21,000 sq. ft. of living space, and is on almost 2 acres.
The grounds include a main house, a guest house, a 15-meter swimming pool, and a full-sized tennis court.
The home features an Art Deco Hollywood-inspired bar, a 1920s French regency-style cinema, a tranquil study, a children's playroom, a spa, and a fitness studio gymnasium.
Asking price: $85,000,000
Call for private showing 818-445-7953.
Leonardo DiCaprio just bought his next-door neighbor’s home in the Bird Streets.
Sold off-market for $10,500,000.
This home has 4 bed/4 bath, 3,527 sq. ft. of living space, and is on a 17,981 sq. ft. lot.
Leo's Bird Streets complex now includes 5 adjoining parcels of land that makeup 5.14 acres, making it one of the largest compounds in the Hollywood Hills.
Mario Lopez just sold his beautiful Burbank home!
Asking price: $2,350,000
Selling price: $2,090,000
This Spanish Villa has 5 bed/5 bath, 4,387 sq. ft. of living space, and is on an 8,119 sq. ft. lot.
The 3 story home features a gourmet kitchen with a breakfast area, formal dining room, family room, and office.
There is a large patio area with a built-in BBQ and pizza oven. There is also a swimming pool, spa, and poolside cabana.
