L.A. real estate news and insights.
NFL champ Darren Sproles buys Modern Farmhouse in Tarzana.
Asking price: $4,795,000
Selling price: $4,650,000
This Smart home has 5 bed/6.5 bath, 6,221 sq. ft. of living space, and is on an 18,453 sq. ft. lot.
The home features sliding glass doors that open to outdoor spaces, an entertainer's kitchen with an eat-in center island, and a home theatre.
Outside is an expansive yard with a pool & spa, detached guest house, gym, BBQ, custom concrete fire pit, and full sport court.
For the general location of this off market property, in Google maps, put in "Ventura Blvd. and Sepulveda Blvd."
Text me for more info at 818-445-7953.
Both units have 2 bed/2 baths, with a combined total of 2,165 sq. ft. of living space and are on a 5,250 sq. ft. lot.
Both units feature updated bathrooms, new flooring, recessed lighting, new dual-pane windows, and a washer and dryer.
The upstairs unit has a large deck, and the downstairs unit has a private patio and yard.
Here is the cheapest home sold this week in LA
This home has 2 bed/1 bath, 616 sq. ft. of living space, and is on a 2,340 sq. ft. lot.
The remodeled home features an updated kitchen, new laminate wood flooring, and a new bathroom tile and vanity.
Asking price: $449,900
Selling price: $445,000
For the general location of this off market property, in Google maps, put in "Riverside Dr. and Fletcher Dr."
Text me for more info at 818-445-7953.
This multi-level home has 4 bed/4 baths, 3,214 sq. ft. of living space, and the lot is 2,465 sq ft.
The new construction home features an open living, dining, and kitchen area, and the primary suite is on the top floor with a fireplace, walk-in closet, and access to the backyard area.
Deals estimated to be in the top 5% in a market on average dropped 44.6% year-over-year for the three-month period ending Jan. 31, according to Redfin. That’s the largest annual decline and the second-lowest level on record.
Miami’s luxury market took the biggest hit in the three-month period, with a year-over-year decrease of 68.7%. That was followed by Long Island (62.8%) and three California markets: Riverside (59.8%), Anaheim (59.3%), and San Jose (59%).
Los Angeles came in at a 55.5% decrease.
That lack of supply has pushed luxury home prices higher. The median price in the US was up 9% compared with the same period the year before.
Carey Mulligan and Marcus Mumford list their Sunset Strip property.
This Spanish Style home has 4 bed/6 bath, 4,593 sq. ft. of living space, and is on a 7,354 sq. ft. lot.
The renovated home features an open floor plan, a playroom, screening room, and the detached two-car garage was converted to a recording studio by the previous owner.
The backyard has a pool, raised fire pit seating area, covered dining space with a full outdoor kitchen, and a pool bath/shower area.
Asking price: $6,495,000
Call for a private showing 818-445-7953.
Here is the smallest home sold this week in LA!
This home has 2 bed/1 bath and 468 sq. ft. of living space.
Asking price: $459,900
Selling price: $485,000
This Spanish Mission-inspired home is the most unique property for sale in West Hills.
The home has 6 bed/5 bath, 6,888 sq. ft. of living space, and is on 6.7 acres.
It's considered a LA Cultural Historic Monument, on 4 parcels of land, and is home to a couple of cows.
Asking price: $10,350,000
Call for a private showing 818-445-7953.
Would you live in LA if you won the lottery?
A $2 Billion Powerball winner just bought this Hollywood Hills mansion.
Asking price: $29,950,000
Selling price: $25,500,000
This Modern estate has 5 bed/7 bath,13,578 sq. ft. of living space, and is on a 25,077 sq. ft. lot.
The home features indoor/outdoor living, a game room, wine cellar, movie theater, bar, and fitness studio with a hot and cold plunge, dry sauna, and steam shower.
The backyard has an infinity pool, spa, two fire pits, and a built-in barbecue area.
Last year around this time it was not unusual to see 30 offers for one property. That is not an exaggeration. Then interest rates went up and buyers got scared. In the 4th quarter of 2022, a home on the market was lucky to get 1 offer.
Today, buyers have accepted the higher rates and are actively looking to buy.
I can now report that homes that are priced at market value and are in a decent location are seeing multiple offers again. I have first-hand knowledge of homes in and around the San Fernando Valley that are getting 5, 12, or even 20 offers.
The homes that are overpriced or in a bad location are sitting on the market. Some will point to those homes and say the market is tanking. If you believe the market is tanking then you are not in the real estate trenches.
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.
Mr. X to the Z, Xzibit is selling his LA home amid nasty divorce!
Asking price: $3,850,000
This Westcliff Community home has 5 bed/6 bath, 5,710 sq. ft. of living space, and is on a 10,940 sq. ft. lot.
The home features a family room with a fireplace, an open chef’s kitchen with a separate prep kitchen, state-of-the-art sound, and security systems, and smart home automation.
Outside is a pool with a swim-up bar, a hot tub with a fire pit, dining areas, flatscreens, and outdoor kitchens.
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.
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!
