Loading...

Real Estate

Thursday, July 10, 2014

Thursday, July 10, 2014

Real Estate

Maybe Now's the Time to Buy a House in L.A.

Comments (10)

By

Thu, Jul 10, 2014 at 7:03 AM
MICHAEL LOCKE/L.A. WEEKLY
If you've been reading L.A. Weekly, you know there's a housing crisis in Los Angeles. Rents are some of the highest in the nation, and housing prices are just ridic.

See also: Owning a Home in L.A. Is a "Pipe Dream" For Most

Basic bungalows are going for $1 million-plus in some core neighborhoods.

Well, the folks at real estate site Trulia might have some good news for you if you've been holding on to that down payment to wait for some deal — any deal — you could afford:

More »

Monday, June 23, 2014

Monday, June 23, 2014

Real Estate

Brentwood's Rare 48-Acre Amber Hills Estate Up for Auction

Comments (1)

By

Mon, Jun 23, 2014 at 7:35 AM
Amber Hills in Brentwood, complete with lake. - COURTESY MARK SINGER PHOTOGRAPHY
  • Courtesy Mark Singer Photography
  • Amber Hills in Brentwood, complete with lake.
Up for auction, if you've earned sufficient riches in your joyful world: a rare 48-acre estate in the Brentwood Hills (about as big as, oh, 48 football fields) once home to film stars Dick Powell and June Allyson. The elegant ranch house of 12,000 square feet comes with a lake, guest houses, tennis court and "meditation area." An acquaintance of seller Glorya Kaufman recalls "a fine-looking, willowy Mrs K. laughing and dancing quite energetically on the deck, full-skirt swirling, as the sun set over the hills" at one of her parties. 

We'd get in on this, sure. But that'd mean a $250,000 deposit just to bid. A trust connected with Kaufman, who is the widow of Donald Kaufman, California's co-king of suburban sprawl, last year asked $40 million for the house. But it didn't sell. Which is ironic:

More »

Monday, June 9, 2014

Monday, June 9, 2014

Real Estate

Elon Musk Could Buy West Hollywood If He Wanted to

Comments (0)

By

Mon, Jun 9, 2014 at 9:03 AM
ELONMUSK.COM
  • elonmusk.com
The folks at real estate website Redfin recently embarked on a fun experiment. They looked at the richest people in America, as ranked by Forbes magazine, and matched them to cities where they could buy all the homes, townhouses and condos.

Lucky for us, none of them is rich enough to buy every non-rental residential property in L.A. (worth $256 billion), but Bel Air's Elon Musk (the Tesla mogul is worth an estimated $8.8 billion) could buy all the homes in West Hollywood, Redfin tells us.

See also: State Wants Taxpayers to Give Billionaire Elon Musk $1 Million a Year

And Steven Spielberg (said to be worth more than $3 billion) could buy ...

More »

Wednesday, May 14, 2014

Wednesday, May 14, 2014

Real Estate

L.A. Has the 2nd Least Affordable Housing Market in America

Comments (22)

By

Wed, May 14, 2014 at 7:03 AM
MICHAEL LOCKE/LA WEEKLY FLICKR POOL
  • Michael Locke/LA Weekly Flickr pool
If you dream of one day owning a home, you might want to sit on your hands a little while longer.

The latest edition of the annual "Middle Class Report" from real estate website Trulia found what you probably already know: Buying a decent house in Metro Los Angeles is damn near impossible for most people.

See also: 5 Hottest Real Estate Neighborhoods in L.A.

The website proclaimed that Los Angeles is the second least-affordable market in the nation, topped only by San Francisco. With a median household income of $53,284, the average Angeleno family can only afford a house that costs ...

More »

Monday, April 14, 2014

Monday, April 14, 2014

Real Estate

Porn-Affiliated Property Near Malibu For Sale

Comments (4)

By

Mon, Apr 14, 2014 at 8:06 AM
MLS
  • MLS
If you ever dreamed of owning your very own porn estate, this might be your once-in-a-lifetime opportunity.

A piece of the Dry Gulch Ranch in Ventura County, just north of Malibu, has hit the market for $2.6 million. The ranch's reported past includes movie production, modeling shoots and adult films.

And its onetime owners, Carter and Maureen Ward, were self-proclaimed nudists. So this place has history. And patina. And maybe even mirrors.

More »

Thursday, April 3, 2014

Thursday, April 3, 2014

Real Estate

L.A. Is a Mecca for Million-Dollar Homes

Comments (1)

By

Thu, Apr 3, 2014 at 2:58 PM
FLEUR DE LYS/MLS
  • Fleur de Lys/MLS
A million-dollar home in most parts of America is kind of a big deal. 

But in many core areas of Los Angeles, a $1 million residence is just another house down the street. It's a bummer, because that drives up the cost of real estate and rent for everyone.

See also: SoCal Is a Top Real Estate Destination for America's Rich

Just how insane are L.A. housing prices? We made the top 10 list of U.S. cities with the largest proportion of million-dollar properties for sale:

More »

Monday, March 17, 2014

Monday, March 17, 2014

Real Estate

SoCal Is a Top Real Estate Destination for America's Rich

Comments (0)

By

Mon, Mar 17, 2014 at 9:06 AM
ALAN LIGHT/FLICKR
America's wealthiest people are concentrated in just a few areas, mainly East Coast cities and suburbs, around Southern California, and in the Bay Area.

That, at least, is according to geographer Stephen Higley, who looked at 2006-2010 American Community Survey data to come up with a list of "America's 1,000 Richest Neighborhoods."

The Los Angeles region, including Orange County, ...

More »

Monday, February 24, 2014

Monday, February 24, 2014

Real Estate

The Most Expensive Homes For Sale in L.A.

Comments (2)

By

Mon, Feb 24, 2014 at 7:07 AM
A COZY PLACE ON DELFERN DRIVE VIA ZILLOW
  • A cozy place on Delfern Drive via Zillow
Feeling down about your paycheck? Is rent a little bit much for you to handle these days? Stop complaining. If you think your housing situation hurts, just think about how difficult life would be if you were ultra-rich.

Real estate prices for the so-called 1 percent are reaching stratospheric levels in L.A. these days. A home that last decade would have cost you $10 million is now in the 20s or beyond. One recent listing was asking for .... $155 million. The federal government should intervene with housing assistance for the poor folks who have to pay these prices.

Thanks to the kind people at real estate website Zillow, we have a mouth-watering list of L.A.'s 10 most-expensive homes for sale (interestingly, all but one are within L.A. city limits):

More »

Friday, January 17, 2014

Friday, January 17, 2014

Real Estate

Rent Continues to Rise in L.A.

Comments (3)

By

Fri, Jan 17, 2014 at 9:06 AM
COREY MILLER/LA WEEKLY FLICKR POOL.
If you think you're alone in worrying that your entire paycheck won't cover the rent, you're not.

The rental scene in Los Angeles continues to defy logic. Case in point: The latest data from real estate website Trulia says rent rose again in Los Angeles for the month of December, by 2.1 percent.

But why?

More »

Tuesday, December 17, 2013

Tuesday, December 17, 2013

Real Estate

L.A. Has the Most Party Houses in America

Comments (0)

By

Tue, Dec 17, 2013 at 9:04 AM

$25 MIL IN BEVERLY HILLS. PHOTO VIA ZIPREALTY.
  • $25 mil in Beverly Hills. Photo via ZipRealty.
If a national online real estate broker told you L.A. was the best party house town in the nation, you might yawn. After all, this is the home of the Playboy mansion, many a hillside venue, and this place.

See also: Teens Do $1 Mil in Damage, Steal Snow Leopard at House Rave, Cops Say.

We know how to do this.

But it's nice to be recognized for our achievements once in a while. Just in time for the holidays the firm ZipReality looked at 1.7 million real-estate listings and crunched the data based on home entertaining:

More »

Now Trending

  • Foster the People's Downtown L.A. Mural Is Coming Down

    The controversial Foster the People mural downtown is coming down, the office of L.A. Mayor Eric Garcetti announced today. Despite claims by the pop band that it had necessary permits and that the artwork was legitimately produced, the mayor's office states what we reported previously: The piece is on a...
  • Sexual Predator Is Targeting Females in Eastside Park

    A sexual predator is on the loose in an Eastside park, police warned today. Cops say the creep has targeted "lone females" walking in Ernest E. Debs Regional Park three times between January and July. He has groped, exposed himself and even attacked with a knife, the Los Angeles Police...
  • U.S. Reps Call For Federal Intervention in Dodger TV Blackout

    A group of local U.S. representatives wants the Federal Communications Commission to help end Time Warner Cable's blackout of Dodger games for competing cable and satellite providers. Negotiations to bring the team's games to AT&T U-verse, Charter Communications, Cox Communications, DirecTV, Dish Network, Mediacom, Suddenlink Communications and Verizon FIOS have gotten...
    2
Los Angeles Concert Tickets