5 Bedrooms | 5 Bathrooms | 4,200 Sq. Ft. | $2,415,000
Sunset Strip Probate Fixer!
5 Bedrooms | 5 Bathrooms | 4,200 Sq. Ft. | $2,415,000
Sunset Strip Probate Fixer!
4 Bedrooms | 4.5 Bathrooms | 4,673 Sq. Ft. | $2,149,000
Hollywood Hills Mediterranean Masterpiece!
Newer construction home overlooking the trendy east Hollywood Hills, this gorgeous 4-story Mediterranean masterpiece delivers on value and amenities. The home is wired for sound and features an electronic video entry system.
1st Level: Custom iron doors with frosted glass inlays beckon you into the enticing 2-story tiled entryway. This level features a private guest suite with a beautiful bathroom adorned with tasteful marble counter tops and diamond shaped tiling. Also on this level is an extra deep 4-car garage with direct entry into the home. Hang your coat and take the elevator that stops on whichever level of the house you prefer.
2nd Level: Strategically designed to be the main “living” level of the home; entertainment, cooking, dining and relaxing can all be achieved through a harmonious loft-like living space. The stunning kitchen features rich dark woods, granite counter tops, Viking stove, stainless steel appliances, center island with sink, and a breakfast area with built-in wooden benches. The dining area overlooks the full city views and seamlessly melts into the living room to take advantage of maximum entertaining potential. Relax by the fire, take a breath of fresh air on the veranda, watch a game or step up to the 4-seat wet bar. All incorporated in an open floor plan design.
3rd Level: A bonus study allows you work or play in an open area that does not require you to use a bedroom or feel contained. Two guest suites with gorgeous full baths and walk-in closets will accommodate family or friends in lavish splendor. One guest suite may be used as an additional family room with a large deck that overlooks the twinkling city lights.
4th Level: Retreat to a sumptuous master suite with a stone fireplace, marble vanity, 2 walk-in closets with built-ins, and a bonus walk-in shoe closet. Admire the city view on your veranda or through a round porthole that telescopes the gleaming lights below. The spa-like bathroom features rich dark wood cabinetry, a large shower, marble counter tops, a claw foot tub and bidet. Also on this level is entry to the extra large private back patio. Perfect for outdoor relaxation or entertainment space.
This home is perfect for those who require a large amount of premium city living space but do not want the major upkeep of an extensive landscaped yard. Simply lock and go. A true hillside beckon, graceful yet statuesque, delivering the promise of life beyond expectation.
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5 Bedrooms | 4 Bathrooms | 4,106 Sq. Ft. | $ 2,200,000
Hollywood Hills Historic Craftsman!
Krotona is one of three important early twentieth-century Theosophical colonies in California. From 1912 -1926, the Krotona Colony flourished in what is now commonly known as the “East Hollywood Hills”. Nearly all of Krotona’s major buildings still stand occupied, though all have been to some extent remodeled and most changed dramatically in function. Together they comprise what may well be the largest coherent group of architecturally significant, Theosophical structures in the western hemisphere.(1)
Part of this original colony is 2172 Argyle Ave, otherwise known as “The Tuttle Bungalow” – Elmer C. Andrus 1914.
Remodeled and restored to modern day standards, the 3-story towering ‘house on a hill’ exudes confidence, as 100-foot tall Eucalyptus trees stand guard by her side. Various other flora and fauna such as kumquat trees, ferns and a rubber tree – dot the landscape. Built in original Craftsman Style, the house offers a phenomenal wrap-around front porch reminiscent of the bygone era.
Entering the home, the first level features a spacious entry hall, and a fully contained guest suite with separate entrance. With a living room, bedroom, kitchenette and two bathrooms, your guests will be well looked after. Also on this level is a gym space, with french doors leading out to the porch.
The second level of the home is the main living level. Complete with a spacious living room with a dramatic wood beamed ceiling, two bedrooms and an office. The kitchen features top of the line appliances including a Sub-zero refrigerator, Viking stove, and Bosche dishwasher. Windows form a panoramic view of the city below. An eat-in breakfast area with built-in stools is perfect for intimate meals with loved ones.
The pièce de résistance of the house is the glorious 65-foot deck overlooking the sweeping views of the city. The birds-eye view starts with Downtown Los Angeles, through the landmarks of Hollywood, and completes with Century City and the ocean. Truly a magnificent space to lounge, eat and enjoy the spoils of California living.
The third level of the home is solely the master bedroom. Space is gratuitous, allowing for multiple configurations of bedroom furniture. Beautifully appointed plantation shutters allow for views of the city and the world-famous Griffith Observatory. You will marvel at the adjoining master bathroom with double sinks, steam-shower with city views, and a Juliette balcony straight out of a fabled storybook.
Much like her Krotona ancestral history, “The Tuttle Bungalow” borrows from Theosophical society. Through her architectural charm and stunning beauty – you too will live a lifestyle that unites the universe, humanity and the divine.
(1) Krotona Colony - Alfred Willis, University of California Los Angeles
1 Bedroom | 1 Bathroom | 1,265 Sq. Ft. | $699,000
Downtown LA’s Premiere Loft Residences!
Conceived as the west coast headquarters of The National Biscuit Company, this landmark structure was designed by E.J. Eckle, the Dean of American architects and founder of the distinguished firm of Eckle and Aldrich. Constructed in 1925 at the then astounding cost of $2,000,000 -this celebrated 7-story sky scraper factory became an architectural sensation.
In 2007, Linear City LLC completed an award-winning renovation of the former Nabisco Bakery into 104 authentic live/work lofts and put one of the city’s finest French restaurants at the lower level. It is Los Angeles Historical-Cultural Monument #888. (Which also allows for vastly reduced property taxes under the Mills Act.) The Biscuit Lofts have become the hottest selling lofts in Downtown LA, with a recent highest price loft sale ever at $2,600,000.
Unit #512 faces Southwest, allowing for impressive views of legendary downtown from rare elongated window banks. Ultra-high ceilings grace the space, as well as original maple hardwood flooring. The modern kitchen looks clean and sleek with stainless steel appliances and updated cabinetry. Easily partioned, the bedroom area also divides into office space. The bed sits on a concrete platform once used for the bakery ovens.
The bathroom has updated hardware, shower/tub combo, and is quite large. The stackable washer/dryer are also housed here. Not to be forgotten is the incredible 2-story closet with shelves, drawers and a ladder up to an additional storage area.
The Biscuit Lofts maintains a sparkling saline pool with outdoor showers, lounge chairs, BBQ’s and fire-pit. It also features a beautiful professional gym with cardio machines and free-weights.
Actor/Director/Writer Vincent Gallo’s unbelievable downtown loft space is up for grabs! A truly one of a kind, 4-story 4,300 sqft. live/work space with private interior elevator, sandblasted brick, industrial-size windows, 1-inch thick maple flooring, stainless steel appliances, floating staircases, soaring ceilings and much more. Three outdoor private terraces totaling 3,100 sqft. with 360 degree views of the entire LA basin. Building has 75′ saline pool, 24-hour doorman, BBQ’s, gym and 3 parking spaces. Mills Act protected with property taxes cut by approx. 78% by recent assessment. ($7500/yr)
Agent: Frank Bruno of Keller Williams Realty
2 Bedrooms | 2 Bathrooms | 1,486 Sq. Ft. | $325,000
A. Quincy Jones Mid-Century Modern!
In 1965, renowned architect A. Quincy Jones re-imagined life in a desert oasis. Nestled against the stunning San Jacinto mountain range in South Palm Springs, the architecturally significant “Country Club Estates” offers a unique and special enclave of mid-century modern “condo-homes” that are a reminder of the city’s golden era.
With a private garage and separate access, 800 E. La Verne was the model unit for the development and rumored to be Jones’ favorite of the collection. Being an end-unit, there is only one shared wall. It is perched at a higher level than other units which allows for maximum privacy and views of the mountain ranges to the north and west. With little direct sun exposure into the main windows, curtains can be left open at all times, allowing for a perpetually enjoyable view and reduced utility expense.
The two bedroom, two bathroom unit has been updated with oak cabinetry, Italian Bizazza tile work, glass bowl sinks, modern kitchen appliances and stunning Terrazzo floors. The master bedroom has a newly constructed walk-in closet that would be the envy to many homes twice the size. The guest bedroom features a private entry and patio of its own, and access to the laundry room.
The center point of the home is the dazzling Atrium which drips with golden sunlight and allows for a private outdoor space for entertaining and dining. Three sides open to opposing rooms which convey the aire of openness and transparency, and allows views of the towering palms and mountains to reach straight back into the master bedroom. A delight for the senses to say the least.
Off the living room lies a large open patio and grassy yard. Plenty of room for lounge chairs, barbeque, and a dining table which makes for additional living & entertaining space in the fabulous year-round climate. Since the outdoor space is maintained by the homeowners association, the unit can easily be used as a second-home or weekend getaway. Just lock the door and go.
The sprawling development on fee land (you own it) offers charming walk-ways and park-like grounds with fields of grass, a rarity in any desert setting. The scintillating pool is perfectly situated facing the mountain range so you can gaze upon the awesome beauty of nature, as you relax by the morning sun. As evening sets, only the effervescent bubbles of the over-sized spa can rival the bubbles in your glass, as you toast to the good life that exclusively occurs in the splendor of the California desert.
2 Bedrooms | 2.5 Bathrooms | 1,351 Sq. Ft. | $449,000
Updated Penthouse with Loft!
UPGRADED PENTHOUSE!! This gorgeous penthouse has 20 ft high ceilings with great natural lighting. Kitchen with granite counter tops,stainless steel appliances, and porcelain tiled flooring. Living room & bedrooms both have light hardwood floors, bathrooms have also been upgraded. Upstairs there is BONUS LOFT which has a partial view of Hollywood Hills. Laundry inside, roof access and a balcony off the living room. 2 Tandem parking spots. Clean and bright and ready to call home! SHORT SALE.
The statistics for the 3rd quarter are out and there is some interesting news to report! I have attached two charts that compare SALES VOLUME and MEDIAN PRICE in Los Angeles compared to 3rd quarter of 2010.
In some areas sales volume has increased as much as +193% while other areas have cooled down by 53%. All areas averaged a +10.54% increase. See below to check out your specific area.
Median prices have increased in some areas as much as +34% and decreased as low as -20% (with the exception of Malibu Beach which dropped 60% – A beach home is now only $20 million now, yeah!) The average median price for all areas increased +1.17%. See chart below for more details.
What does all this mean? Well from my personal experience I can tell you that properties are selling if within the range that buyers feel is appropriate value. Sales volume increased in certain areas because prices dropped and buyers see value. Median prices are increasing because we have seen sustainable drops in some areas, and the market is correcting itself because the demand is there. Many people are taking advantage of the HISTORIC low rates and either moving up or buying investment properties. I have seen investors buying homes, fixing and flipping again. That is a good sign for recovery in the market.
I just sold an income property that was a RECORD BREAKING SALE. The highest selling Triplex in ALL OF METRO LA since 2007 (height of the market), and the highest selling Triplex in Hancock Park since 2006. Appraisers and Realtors are chomping at the bit to use this as a sales comparable It has helped many other sales in the area.
Have a great Thanksgiving Holiday!