[Sale] - Charming Contemporary Home in Glendale - 2804 Glenoaks Canyon Rd.

We've just closed escrow on this gorgeous single family home in Glenoaks! Tucked at the entrance of Scholl Canyon Golf & Tennis Club and Lower Scholl Canyon Park, this contemporary home provides the best of Los Angeles living. Only moments from the heart of Glendale, Eagle Rock, Pasadena and Silver Lake, this Glendale Canyon home offers privacy and a bucolic setting where one can stroll, bike or hike right from the front door. Upstairs are 3 bedrooms and 2 baths, including an en suite master with a soaking tub that looks out upon a canopy of Oak trees. The main level has a step down living room with fire place and sliding glass doors. It also hosts the kitchen, dining room and breakfast nook. Step outside the kitchen to a secluded patio and pergola that's perfect for alfresco dining. The ground floor offers direct access from the garage into the house, as well as a laundry room and a massive bonus space that could be a perfect art, music or production studio - the options are boundless. 

New Wrist-Band Design For LA Metro in lieu of TAP Cards

The Metro committee has announced on Wednesday, April 19, 2017, that they would be implementing a new swipe-able wristband that would replace the current Metrolink TAP cards. Designed by Oberthur Technologies, the new wristbands are now currently being tested by a group of 20 to 25 passengers with disabilities. 

[Listing] - 2 Closings, 1 day - Friday Easter Special

Happy Easter Weekend!!

What an awesome way to end the week! See below for videos and details. 


2231 Observatory Ave.  

$1,685,000 -  [New Neighborhood Precedent!]

SOLD FOR OVER $1,000 PER SQUARE FOOT

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Check out The LA Home's "Good Friday" Picks! 

Create, comment, share,and add your own picks to your own personalized Collections!

Create, comment, share,and add your own picks to your own personalized Collections!

Famous "Hollywood" Landmark Closing

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The Hollyridge Trail, perched on top of a hill at the end of Beachwood Canyon, has been a popular destination for Angelinos and tourists for many years. Throughout the ages, thousands have made the pilgramage to this iconic site, to soak up the rich history and culture of the sprawling suberb. Unfortunately, the city of Los Angeles has declared to close down the Hollyridge Trail, which will come into effect on April 18th, 2017. 

Why is it Closing?

Sunset Ranch Hollywood Stables, a horse ranch in Beachwood Canyon, has sued the city of Los Angeles for impeding, and blocking access to their stables. Hikers must pass through a gate and hike onto the stable's driveway in order to access the Hollyridge Trail. Due to the constant blockade of the driveway caused by hikers and tourists, the Los Angeles Superior Court judge ordered the city to refrain from "precluding ingress or egress of vehicles relating to Sunset Ranch." 

Though for now, the trail is scheduled to close, there are other ways to access the sign. Read about alternative routes here. 

[Sale] 3275 Descanso Dr.

An elegant home on a Silver Lake hillside, beautifully refurbished to accentuate 1940's Modernist overtones. The lofty sun-splashed layout provides a sense of expanse and serenity, with a prime location near everything you love. Highlights include a sunken living room with streamlined steps, a wood-paneled fireplace and wraparound casement windows taking in panoramic city views. Refinished flooring of wood, cork, and tile flows throughout, and the updated kitchen delights with a breakfast nook set in a heptagonal window bay. A large terrace atop the two-car garage is the perfect setting to entertain and enjoy the vivid local colors year-round. In the private back yard find a deck, patio and professionally installed drought-tolerant landscaping. From this ideal location enjoy easy access to the nearby shops, restaurants and nightlife of Sunset Junction including Alfred Coffee, Silver Lake Ramen, Night + Market Song, Thirsty Crow, the twice-weekly Farmer's Market and so much more.

An elegant home on a Silver Lake hillside, beautifully refurbished to accentuate 1940's Modernist overtones. The lofty sun-splashed layout provides a sense of expanse and serenity, with a prime location near everything you love. Highlights include a sunken living room with streamlined steps, a wood-paneled fireplace and wraparound casement windows taking in panoramic city views. Refinished flooring of wood, cork, and tile flows throughout, and the updated kitchen delights with a breakfast nook set in a heptagonal window bay. A large terrace atop the two-car garage is the perfect setting to entertain and enjoy the vivid local colors year-round. In the private back yard find a deck, patio and professionally installed drought-tolerant landscaping. From this ideal location enjoy easy access to the nearby shops, restaurants and nightlife of Sunset Junction including Alfred Coffee, Silver Lake Ramen, Night + Market Song, Thirsty Crow, the twice-weekly Farmer's Market and so much more.

We've closed escrow on this gorgeous 1940's mid-century home located in Silver Lake. The elegant home features a wood paneled fireplace, wraparound casement windows, and sweeping, panoramic views of downtown Los Angeles. 

Style: Modern

Community: Silver Lake/Echo Park

MLS#: 17-200170

Home Size: 1,263 square feet

Lot Size: 3,388 square feet

 

Property Type:  Residential - Single Family

View: City Lights, Hills

County: Los Angeles

Built: 1941

Bedrooms: 2

Bathrooms: 1

 

Den

Kitchen

Living Room

Breath-taking view of Downtown Los Angeles from the deck.


Looking for properties like this? Questions regarding neighborhoods, or the housing market in general? Contact us now, and we'd be more than happy to assist you!

Rental prices In LA Soaring To An Increase Of 3% Since Last Month

Los Angeles -

As the housing markets continue to sustain at peak prices, the rental prices are seeing a big jump from last month, with an increase of 3%, according to a report from Zumper.  Los Angeles remains the sixth most expensive city for apartment rentals, trailing behind San Francisco and New York, with a 4.6% increase since spring of 2016. 

Read more about the news here.

Tunes - Top 3 picks of the week

 

French Kiwi Juice w/ Tom Misch @ Red Bull Studios Berlin

Need a break from sitting around at the office all day? Give your ears a refreshing break, and relax to this live performance by FKJ and Tom Misch, recorded live at Red Bull Studios in Berlin. Filmed by Francois Dubois. 


Mayer Hawthorne - The Walk

Take a stroll down memory lane, with the old-school, classic sound of Mayer Hawthorne. Believe it or not, this artist isn't from the 60's or 70's, but from our very own- 21st century. Talk about a modern gem!


Jimi Hendrix - Little Wing

Legendary American classic... What more to say?

Morgan Stanley - Bullish Housing Market Showing Signs of Weakness

According to analysts at Morgan Stanley, The commercial real estate market is showing signs of cracks and weakness that will peak this year.

As commercial real estate is leaning towards a bearish market, the bullish trend for residential housing continues. Many experts believe that the demand for housing will surge in the coming years, especially with commercial real estate on a downtrend.

"We expect 2017 to mark the end of the bull cycle for US CRE," they said in a note on Wednesday. 

The possibility for slow decay, in the growth of net operating income, could be a primary risk factor that would contribute to the decline in the commercial real estate market. 

 

 

Best Rooftop Restaurant in Los Angeles

View from the first level (Dining area) during the daytime

Perch - 448 Hill St.

A sprawling adult playground- located in the heart of Downtown L.A. (at the Corner of 5th St. & Hill St.) this upscale, French-inspired restaurant/lounge, sits on the 15th floor of the Pershing Square Building. Two elevator rides later, guests are led into the main "dwelling" area- welcomed by plush sofas, bohemian style decor, and a breathtaking- panoramic view of downtown Los Angeles. Tasteful and sophisticated without being pretentious, elegance permeates throughout the entire establishment.

Perched behind a silhouette of iconic edifices- the infamous U.S. Bank Tower, and the Aon Center, guests can be seen indulging in the various assortment of avant-garde cocktails, while dining from the exuberantly seasonal menu. On the terrace- lush plants adorned with glistening lights situate each corner of the patio, all whilst swinging to the rhythm of a live jazz band- perfect for those seeking an intimate setting. The carefully curated, Parisian-inspired cocktails, house-made bitters, along with "a rare selection of Cognacs, Armagnac’s and French Cordials," also makes for an ideal environment for meeting clients and business associates. Perch encapsulates the quintessence of the perfect dining experience, accompanied by tasty dishes, an extensive cocktail list, and views to die for.

Perch- Upstairs lounge bar during the evening. 

Perch- Upstairs lounge bar during the evening. 

Frog legs, truffle fries, and assorted meats and cheese

Duck, Duck, Goose

Shake & Bake Drumsticks (frog legs)

(From left to right) -Writer's Block , Jacques Collins, Red Herring 

Pol Clemente Champagne w Peach puree - 

Silver Lake Reservoir to be Filled


As the brutal bouts of storms pummeled along the coast of California throughout the months of January & February, The Golden State was proud to announce a lift on the drought advisory that clutched the region for what seemed like an eternity. The once barren peaks of the Eastern Sierra's, now packed with record snow levels, bear a promising return to the city of L.A., in the form of a raging water runoff. Though the unexpected amounts of water edged towards dangerously high capacities, there was one particular town that seemed to benefit from the aftermath- Silver Lake.

Silver Lake Reservoir - at full capacity

Silver Lake Reservoir - at full capacity

With the surplus of water in the L.A. Aqueduct system, it was a great opportunity for the Los Angeles Department of Water and Power to announce the refilling of the Silver Lake Reservoir- which would begin in mid-April. 

L.A. City Councilman Mitch O'Farrell wrote, "This overflow is a gift,” but “we need to continue to be vigilant in our conservation efforts for water use.” 

“With the above-average snowpack, we have a surplus of water in the L.A. Aqueduct system and with it the opportunity to refill Silver Lake Reservoir ahead of schedule,” said Richard Harasick, the agency’s senior assistant general manager of water.

For the residences of Silver Lake, as well as the Angelinos who frequent the lake on occasions, this promising news could not have come at a better time (especially with summer around the corner). 

Read more about the announcement here.

Living Off The Grid In Paradise

Warrick Mitchell lives deep in one of the world's most remote locations: Fiordland, New Zealand. His home in the country’s oldest national park is nestled in a vast wildness accessible only by boat or airplane, a four day's walk from the nearest road. Life in isolation can be hard, but surrounded by breathtaking, pristine natural beauty, plentiful wildlife and a small but tight-knit community that is always willing to lend a hand, Mitchell would have it no other way. This story is a part of our Frontiers series, where we bring you front and center to the dreamers, pioneers, and innovators leading society at the cutting edge. Let us take you along for a trip to the oft-imagined but rarely accomplished.

Real Estate May Be A Time Bomb

Summary

  • Relative to history, housing remains affordable but consumers remain squeezed and incomes are falling.
  • Housing demand is weak but supply is low causing price to remain remarkably stable for now.
  • Rising interest rates dramatically impact housing affordability; and rates have been rising.
  • I believe the consumer will continue to get weaker as incomes continue to fall causing the housing market to take a down turn over the next year.

Where We Stand

After bottoming in 2009, home prices showed strong growth through 2013, and has since cooled off slightly. Over the last 2 years, home price growth has been remarkably flat due to an interesting tug of war between supply and demand.

Focusing on the growth rate of housing as opposed to the nominal price of housing is important. For example, if home prices are growing at 10% year over year and then falls to 5% growth year over year, home prices are still going up, although at a slower pace. Although prices are still moving upwards. Measuring housing in this fashion often allows you to front run real estate moves because the growth rate has to fall before becoming negative and waiting until the growth rate is negative (or home prices falling in nominal terms) is often to late. Studying the change in growth rate allows you to stay ahead of the curve.

Currently the growth in home prices has been very flat at around ~5% year over year. Since the growth rate is flat, this provides little insight into the direction of the next move in the real estate market. It is now even more important to understand what is causing home price growth to remain so stable.

Supply is very low, putting upward pressure on prices, while demand is weak putting downward pressure on prices; the result being home price growth that has been flat for almost 2 years.

The Most Expensive Home In Los Angeles

Frivolous, Over the top, or outright awesome?

The view from the backyard- 924 Bel Air Rd.

The view from the backyard- 924 Bel Air Rd.

This over the top Estate in Bel Air boasts 38,000 square feet, +17k sq ft of entertainment decks, 2 master suites, 10 oversized VIP guest suites, 21 luxury bathrooms, 3 gourmet kitchens, 5 bars, massage studio/wellness spa, state-of-the-art fitness center, 85-foot glass tile infinity swimming pool, 40-seat 4K Dolby Atmos Theater, 4 lane bowling alley/lounge, auto gallery w/cars worth more than $30mm, 7-person full time staff, over 100 curated art installations, outdoor pop-up theater, 2 fully-stocked champagne/wine cellars, massive candy wall, the most advanced home tech system in the world. Astonishing array of amenities & bespoke items from around the world, 4 meticulously curated levels, indoor/outdoor nirvana enhanced by 270-degree unobstructed views spaning from the mountains all the way to the ocean & the incredible Los Angeles skyline in-between. Built by Luxury Developer Bruce Makowsky, some may feel as though this estate may be absolutely frivolous, over the top, or outright AWESOME.

[Off Market Sale] Walt Disney's First Home & Studio - 4406 Kingswell Ave, Los Angeles, CA 90027

4406 Kingswell Ave. - Johnny Johnston - Compass Realty 

 

We've just closed escrow on a timeless, off-market listing; the first Los Angeles home of Hollywood icon - Walt Disney.  This one-story craftsman bungalow was owned by Disney's uncle Robert and Aunt Charlotte.  It is the site where Walt first started animating (his first animation studio was in the garage in the backyard).

Last year the home was slotted for demolition before a group of preservationists got involved and ended up getting the home added to the historical registry.  The property spent several months in limbo - uncertain of whether it would be torn-down or simply abandoned.  We have, fortunately, found buyers interested in maintaining its historical integrity.  It will remain - largely as it is - for years to come - in an effort to protect some of the architectural and cultural heritage in LA.  We're proud to have been a part of it.

Here is a vintage, Disney family home movie in front of the house. 

"The City of Los Angeles Cultural Heritage Commission voted unanimously to consider the Historic-Cultural monument designation for the former home of Walt Disney." -Chris Nichols

Amazing Home in Eagle Rock

Perched above the street, this impeccably done home in Eagle Rock offers myriad living situations. The main house is 2 bedroom and 1 bathroom with arched ceilings, original 1940's hardwood floors and a remodeled, open kitchen. Downstairs, with it's own entrance, is a studio apartment - perfect for an art/music space, a production office or an in-law suite. There is a third, exterior space, that's a stand-alone studio, in case your band needs to practice while the baby's sleeping. Located moments from the heart of Eagle Rock, Highland Park and Pasadena, this home offers the rare promise of flexibility and opportunity. All this and a flat back yard. Live in refined, proximity to the city.

What Are Experts Saying about Mortgage Rates?

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:

Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center:

“In 1984, 1994, 2000, and 2013, every time we have rate increases, we have increases in nominal home prices. We expect this to be more pronounced, as there is a big demand-and-supply gap at the present time.”

Scott Anderson, Chief Economist for Bank of the West:

“The tightening labor market, rising wage growth, high levels of consumer confidence and a millennial generation with a pent-up demand for housing should allow the housing market to weather the storm of gradually rising interest rates.”

Ivy Zelman in her latest “Z” Report:

“Although we strongly believe that the housing supply-demand imbalance for single-family homes will continue to drive above-average home price appreciation, just as falling mortgage rates aided pricing power on the margin in recent months, we expect the opposite effect to become evident in the coming months. As such, we project year-end home price inflation of 4.8% for 2017 and 4.1% for 2018.”

Bob Walters, President & COO of retail mortgage lender Quicken Loans:

“A modest increase in mortgage rates won’t have much of an effect on home purchases. A buyer may need to slightly re-evaluate which homes they can afford, but it’s not likely to make an impact on qualifying, in most cases.”

First American Chief Economist Mark Fleming:

"Our survey data shows that mortgage rates would have to be significantly higher to have any meaningful impact. The house buying power that borrowers have, even with rates below five percent, still remains historically strong."

When Dreams Turn Into Reality

DC presents Robbie “Maddo” Maddison’s “Pipe Dream,” giving the world a chance to witness history being made as Maddo rides his dirt bike on the powerful and iconic waves of Tahiti. From his helmet to motocross boots, Maddo was dressed for FMX when he took his dirt bike into the unchartered saltwater terrain of the Pacific Ocean in French Polynesia. For nearly two years Robbie has been focused on making surfing on his motorbike a reality. His efforts paid off in Tahiti, where he rode the world famous waves at Teahupoo and Papara.

The POV Diving Experience That Will Have You Gasping For Air

Hailing from Denmark, Stig Pryds, one of the deepest freedivers in the world, casually swims to the ocean floor at a cavernous depth of 50 meters (equivalent to a 16-story building). In this video, Stig free dives (no equipment) with only the help of his arms and feet. Calm and composed, his mental focus is unwavering, entrancing the viewer into a state of hypnosis. 

Stig Pryds is one of Denmark's deepest freedivers. He has set national records in all 3 depth disciplines. Here he is going for a fun dive down to 50 meters in Dean's Blue Hole in the Bahamas, taking his gopro along for the ride. Music is 'a walk' by Tycho Shot by Stig Pryds and Daan Verhoeven