L.A. real estate news and insights.
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Toluca Terrace!
Asking price: $1,825,000
Built in 1941, this home has 4 bed/3 bath and 2,490 sq. ft. of living space. The lot is 7,666 sq. ft.
Move-in ready, hardwood floors, high ceilings, and an attached 2 car garage.
This is the oldest home on the market in Pasadena - built-in 1883.
Asking price: $1,980,000
The Victorian home has 3 bed/3 bath, 2,224 sq. ft. of living space, and is on a 7,631 sq. ft. lot.
The backyard has a built-in BBQ, and there is a detached 2 car garage with an extended multi-functional studio with a bathroom and skylights.
Text me if you want a tour at 818-445-7953.
Kelly Kapowski must be impressed!
Saved by the Bell's Mark-Paul Gosselaar just sold his Sherman Oaks home in an off-market deal for $5,300,000.
The home has 5 bed/5 bath, 5,791 sq. ft. of living space, and is on a 19,280 sq. ft. lot.
This private home is at the end of the cul-de-sac and is part of The Benedict Collection. It's considered an "upside-down" home. The living areas are upstairs, and the family /guest bedrooms are downstairs.
The backyard has a solar heated pool/ spa and a full outdoor kitchen.
Attention Builders! This Culver City flat corner lot comes with fully approved RTI (Ready-to-Issue) permits to build a two-story 4 bed/4 bath 1,764 Sq. Ft. single-family home with an attached two-car garage, balcony, rooftop deck, and a one-story detached 1 bed/1 1/2 bath 600 Sq. Ft. ADU.
Centrally located on the Westside, this lot is located in a quiet neighborhood close to Playa Vista and next to the Ballona Creek bike path, which takes you down to Marina Del Rey, Playa Del Rey, and the beach.
If you're looking to build a beautiful new home with a detached ADU, all at a great value, this just might be the property for you.
For more info visit CulverCityLot.com.
The California housing market kicked off the new year with a bounce back from a 4-month low, with sales of existing single-family homes reaching 444,450, registering a month-to-month increase of 3.4% in January.
Sales continued to decline on a year-over-year basis, but the dip was less than 10% and was the smallest in six months.
California home prices continued to decelerate as the seasonal slowdown continued, with the statewide median price declining 3.8% from December to $765,580 in January, but still improving from a year ago by 9.4%.
Source: California Association of Realtors
This is the most unique architectural home for sale this week in La Crescenta.
Asking price: $9,799,000
There are 2 homes on the property with a total of 5 bed/5 bath, 5,186 sq. ft. of living space, and on nearly 6 acres of land.
There is a 50 ft lap pool and open-air outdoor movie Pavillion.
The current homeowner is Flea from the GREAT Red Hot Chili Peppers.
Text me if you want a tour at 818-445-7953.
Here is the most expensive home sold in South Pasadena this week.
Asking price: $1,198,000
Selling price: $2,500,081
This Craftsman style home has 3 bed/1 bath, 1,922 sq. ft. of living space, and is on a 7,898 sq. ft. lot.
First time on the market in 40 years.
Home sold for $1,302,081 over the asking price! CASH!
Text me if you want a tour at 818-445-7953.
"Hot Home” alert in Burbank's Rancho District.
Asking price: $1,498,000
This 2 story home has 4 bed/2 bath, 2,590 sq. ft. of living space, and is on a 6,300 sq. ft. lot.
The home features stainless steel appliances in the kitchen, a separate laundry room, and the den opens to the backyard.
Close to Griffith Park and Los Angeles Equestrian Center.
Whose house? Super Bowl MVP Cooper Kupp's house!
Asking price: $6,100,00
This home has 5 bed/7 bath, 6,893 sq. ft. of living space, and is on a 71,051 sq. ft. lot.
The super-private property is within a 24hr guard gated community.
The backyard has a cabana with a fireplace, a pool, spa, waterfalls, and an outdoor bathroom.
Text me if you want a tour at 818-445-7953. Go Rams!
31% of all Americans and 41% of 18-to-34-year-olds say they’ve purchased a primary residence with someone they aren’t married to, according to a survey by realtor.com®. Further, 55% of Americans and 68% of 18-to-34-year-olds say they would consider it.
“With home prices skyrocketing in recent years, it’s become even more challenging to break into the housing market for first-time buyers,” says Clare Trepasso, deputy news editor at realtor.com®. “Many buyers have needed more than one income to afford a home, especially as rising rents may be eating into their down payment savings. However, the pandemic delayed many weddings. And rising prices forced some couples to choose between saving to become homeowners versus having the big day. This has resulted in many unmarried couples, as well as extended families and friends, pooling their resources so they can afford to become homeowners.”
The most common co-buyers are romantic partners who are not engaged or married (15%). But Americans are also open to buying with extended family members or roommates.
Here’s the breakdown:
Romantic partner, not engaged or married (15%)
Parent, grandparent, or older relative (6%)
Child, niece or nephew, or other younger relative (5%)
Sibling, cousin, or relative of a similar age (4%)
Roommate (4%)
Friend (4%)
Located in Valley Village on the same street with million-dollar homes, you will find this corner unit 2 bedroom, 2 full bathroom condo!
This newly painted unit features a large kitchen with breakfast bar, fireplace in the living room, a remodeled guest bathroom, and a large en-suite bathroom in the master bedroom.
There is an in-unit laundry area, central AC/Heat, a private patio, 2 parking spaces in the gated garage, and the complex is pet-friendly.
If you are looking for a 2 bed, 2 full bath corner unit condo, at a great value, this just might be the home for you.
For more info visit www.RhodesCondo.com.
The most expensive markets in the fourth quarter continued to see even higher prices in the fourth quarter; nine of the top 10 saw double-digit percentage increases. California led the way with five metros in the top 10.
The 10 priciest markets in the fourth quarter are:
1. San Jose-Sunnyvale-Sta. Clara, Calif.: $1.675 million; up 19.6%
2. San Francisco-Oakland-Hayward, Calif.: $1.31 million; up 14.9%
3. Anaheim-Santa Ana-Irvine, Calif.: $1.15 million; up 23%
4. Urban Honolulu: $1.055 million; up 16.8%
5. San Diego-Carlsbad, Calif.: $845,000; up 14.2%
6. Los Angeles-Long Beach-Glendale, Calif.: $797,900; up 15.9%
7. Boulder, Colo.: $775,100; up 17.2%
8. Seattle-Tacoma-Bellevue, Wash.: $700,000; up 13.9%
9. Naples-Immokalee-Marco Island, Fla.: $685,000; up 21.2%
10. Nassau County-Suffolk County, N.Y.: 644,600; up 9%
Source: National Association of REALTORS®
Located in Valley Village on the same street with million-dollar homes, you will find this corner unit 2 bedroom, 2 full bathroom condo!
This newly painted unit features a large kitchen with breakfast bar, fireplace in the living room, a remodeled guest bathroom, and a large en-suite bathroom in the master bedroom.
There is an in-unit laundry area, central AC/Heat, a private patio, 2 parking spaces in the gated garage, and the complex is pet-friendly.
If you are looking for a 2 bed, 2 full bath corner unit condo, at a great value, this just might be the home for you.
For more info visit RhodesCondo.com.
Homes are selling even faster than they were at this time last year as buyers continue to compete in the housing market. Housing inventories are lower as well, down 28% from a year ago. In December 2021, the National Association of REALTORS® reported that existing homes for sale fell to an all-time low.
With fewer listings of homes last week, buyer interest again outpaced homes available, writes Danielle Hale, realtor.com®’s chief economist, in a weekly analysis posted at the site.
“With fewer homes for sale now than this time last year, homes are selling faster and successful buyers have to move quickly,” Hale writes.
Nationally, seventy-nine percent of homes sold in December 2021 were on the market for less than a month, according to the National Association of REALTORS®. Properties typically remained on the market for just 19 days in December.
As rents rise at a double-digit pace, renters are looking to homeownership for the safety net of a steady mortgage and hopes of long-term appreciation. Mortgage rates that remain under 4% are also an incentive.
However, the fear of rising rates has driven a “rush on new-home sales as buyers try to sign contracts to lock-in rates and beat further cost increases,” Hale says.
Hale says housing indicators point to additional sellers entering the market this spring, which buyers would welcome as they look for a bigger selection in the housing market. Surveys show that more homeowners are planning to sell over the next 12 months. With single-family home construction at a 1 million-plus pace, inventory is expected to improve in the coming months.
“Additional housing supply is what’s needed to help first-time home buyers and add momentum to the homeownership rate,” Hale says.
This 2 bed, 2 bath move-in ready condo is coming soon to Valley Village.
Asking price: $524,999
5604 Rhodes Ave. #103
Valley Village, CA 91607
For more info, text me at 818-445-7953.
