Three L.A. Houses That Make a Splash
Los Angeles Magazine » Real Estate
by Scott Johnson
1y ago
Venice $6.5 million Highlights This Marmol + Radziner-designed Venice house (above) is a true indoor-outdoor escape. Almost every room spills onto lush gardens, private courtyards, and even a thin strip of a swimming pool adjacent to the dining room. Price $5.59 million Contact Juliette Hohnen, Douglas Elliman, 323-422-7147 Malibu $200,000 Highlights An oceanside rental for 200 large per month better have some superlative bona fides. This Balinese-style estate checks the right boxes: 8,000-square-foot main house, sprawling grounds, and a capacious spa and pool with Pacific Ocean views. Price ..read more
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A View One’s Own: This Is the Most Contentious Real Estate Dispute in L.A.
Los Angeles Magazine » Real Estate
by Scott Johnson
1y ago
A decade ago, when Michael (not his real name) purchased a hilltop home in the Laurelwood section of Studio City, the clincher was the view of the San Fernando Valley. “I walked through the front door and saw an incredible view that stopped me in my tracks,” he recalls. “I thought: This is it. I have to buy this.” Today, Michael is crestfallen when he looks out those same windows. “Our neighbor planted ficus trees that have obliterated our view. And we paid handsomely for that view.” According to realtors, an unobstructed view in the hills above L.A. adds a minimum 20 percent premium on a prop ..read more
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Room for Hope Found As Southern California Home Sales Fall
Los Angeles Magazine » Real Estate
by Tani Levitt
1y ago
Watchers of the world of L.A. real estate have been left to wonder what the rest of 2023 will look like after new housing data released this week from CoreLogic reflects a diminished market in Southern California. Speaking to the Orange County Register, CoreLogic Chief Economist Selma Hepp said that the market is being “challenged by high mortgage rates and eroded affordability.” Previously hot areas such as the Inland Empire cooled off by the end of 2022, and high-end residences didn’t sell at the highs that were seen in the first half of last year. Notably, Britney Spears sold her house for ..read more
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L.A. County Now Has Highest Pricey Neighborhood Concentration in U.S.
Los Angeles Magazine » Real Estate
by michaelwalker
1y ago
L.A. County’s most expensive neighborhoods command some of the nation’s highest housing prices, with median prices—the midpoint between high and low—cresting at $13.25 million, according to a new survey of 2022 home prices by the PropertyShark real estate blog. Beverly Hills Gateway—the streets north of Sunset Boulevard comprising the lower reaches of Coldwater and Benedict canyons—was by far the priciest neighborhood on the survey, with a median house price of $13.25 million. Two other Beverly Hills neighborhoods, Trousdale ($12,200,00) and Beverly Hills Flats, south of Sunset (9,474,000), to ..read more
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Tech Billionaire-Journalist Couple Buy Ryan Seacrest’s House at Low $51M Price
Los Angeles Magazine » Real Estate
by Sheila McClear
1y ago
Ryan Seacrest has reportedly sold his Beverly Hills compound for $51 million to tech billionaire Brian Long and journalist Liz Day. Long, the CEO of $6 billion tech startup Attentive Media, a personalized mobile messaging system, and New York Times reporter Day, own multiple properties, including one in Coral Gables, Florida, for which they paid $19.75 million. Given the salaries in media, we’ll guess it was Long who was approved for this one and not Day, who garnered two Emmy nominations for her work behind the Hulu/FX documentary Framing Britney Spears.  That said, the couple got a good ..read more
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L.A. City Council Members Want to Protect Renters With Right to An Eviction Attorney
Los Angeles Magazine » Real Estate
by Sheila McClear
1y ago
A group of City Council members is proposing a program that would give the right to legal representation for tenants facing eviction, according to NBC Los Angeles.  Six council members filed a motion on Tuesday seeking recommendations from the Los Angeles Housing Department on creating a Right to Counsel ordinance. The recommendation is part of the city’s ongoing endeavors to beef up protections for renters and is aimed at tenants earning 80 percent or less than the area’s median income, reports the Los Angeles Daily News. “We are trying to build a city where if you end up in a situation ..read more
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Mid-Century Stilt House Seen in “Heat” and “Ferris Bueller” Hits Market at $1.6M
Los Angeles Magazine » Real Estate
by Sheila McClear
1y ago
Commonly known as “The Stilt House,” this midcentury one-story home located in East Los Angeles seems to balance on a stork’s legs above the city—but in exchange for that precarity, the property, featured in many iconic movie scenes, offers panoramic views that sweep from the Hollywood sign to Catalina Island. And it has just entered the L.A. real estate market at $1.6 million. If it sells for that asking price the owners will have made a killing by biding their time. The property hasn’t been on the market in 20 years when they purchased it for $289,500. And this gem has been a location scout ..read more
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Alrighty, Then! Jim Carrey Selling Brentwood House After 30 Years
Los Angeles Magazine » Real Estate
by Sheila McClear
1y ago
The house that Ace Ventura: Pet Detective bought may soon no longer be owned by that smash hit comedy’s megastar, whose rumored retirement from acting may have already begun.  Beloved actor Jim Carrey purchased his Brentwood ranch-style 12,700-square foot, five-bedroom, six-bath spread (with a brick exterior and plenty of foliage) in 1994, right around the time his star-making movie opened in theaters nationwide. And the onetime highest-paid actor in Hollywood hasn’t gone anywhere since—but it seems he will soon, as the property’s now listed for $28.9, the Wall Street Journal reported on ..read more
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Hollywood Hills ‘Hype House’ Mansion Hits the Market for $50,000 a Month
Los Angeles Magazine » Real Estate
by Julius Miller
1y ago
If you’ve got $50,000 to spare each month and are eager to live the influencer lifestyle, the “Hype House” mansion in the Hollywood Hills is the perfect place to burn your petty cash, TMZ reports. Actually, the 16,000 square-foot pad is listed at a mere $49,500 per month, leaving the next tenants an extra $500 to toss at poors if it suits them. The property was formerly home to the Hype House, a TikTok-based group of young, attractive influencers that blew up back in 2019. But that price tag isn’t based on reputation alone. The property features 10 bedrooms to choose from, plus 16 bathrooms—es ..read more
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“Get Out” Producer Drops $91 Million on Stunning Malibu Home
Los Angeles Magazine » Real Estate
by Sheila McClear
1y ago
Edward H. Hamm Jr., the producer of Jordan Peele’s 2017’s hit thriller Get Out and 2018’s Spike Lee-directed BlacKkKlansman, is a man who keeps a low profile—aside from when he’s purchasing a $91 million spread in Malibu, according to the Wall Street Journal. The successful producer also happens to be heir to the fortune of Hamm’s beer, which is now owned by MolsonCoors. Hamm’s property purchase is one of the priciest sales in the country for 2022 (the deal closed in December); it’s also part of the trend of mega-expensive home sales in Malibu in recent years. Hamm bought the Paradise Cov ..read more
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