holiday shopping tips!

By
Real Estate Agent with Keller Williams - Hollywood Hills 01409501

The following is a reprint of my column that appears in the current issue of Frontiers In L.A. magazine.

 

9577 Sunset Blvd.

 

With the holidays here and everyone offering up their own gift ideas, I thought I would do the same right here in my column. Why not, right? If you haven’t rounded up a sugar daddy, or someone equally capable of wrapping a big giant bow around a house, you best get to steppin’, because I have something for you in several price ranges.

For the one you have a mild crush on

Were you all excited about Hancock Lofts but weren’t falling for the $900-per-square-foot price (don’t feel bad, few did). Well, after almost two years of sitting vacant, West Hollywood’s favorite ghost town has finally gone rental. The building originally came onto the market with prices ranging from $895,000 for a 1,037 square foot unit all the way up to $1,459,000 for a 1,459 square foot unit back in mid-2009. The developer eventually took about half the units to auction this past April, ostensibly to get them up to 50 percent sold so they could begin closing escrow. Even the auction was a failure and did not net them the results they had hoped for. So, for the boy who simply must be smack in the middle of everything, now’s your chance to live there. Though no official pricing has been released yet, rumors and speculation point to one-bedrooms ranging from $2,800-$3,400, with two-bedroom units ranging from $3,500-$5,800. I attempted to confirm those numbers with the people at Hancock Lofts but did not get a return call before press time. The complex has a great pool area with secluded cabanas, and who doesn’t love Tender Greens, which is located on the ground level.

For the one who loves pink

Have you ever dreamed of living the life of timeless Hollywood icon Angelyne? Then this is your lucky day. It just so happens that the original pink lady has put her Malibu condo on the market at the low, low price of $575,000. As I’m sure everyone is aware, Miss Angelyne was the pioneer of self-promotion and being famous simply for being famous, and she did it so well! No doubt you’ve seen her zipping around town in her pink Corvette with her “ANGELYNE” license plate. The condo has three bedrooms and four bathrooms in 1,810 square feet. Now let me tell you, $575,000 seems pretty reasonable for a condo in the ‘Bu, but this one is gonna need some work (so says the listing). The building was constructed in 1987 and the unit looks fairly original, only pinker.

For the one with a Saudi prince or Warren Buffett for a sugar daddy

You’ve driven by it a hundred times if at all—9577 Sunset Blvd. in Beverly Hills. It’s a gargantuan mansion that “reflects a rigorous adherence to French Palladian and American Beaux Arts architecture that is unmatched today” (according to the home’s website, 9577sunsetblvd.com). The home measures an astounding 35,000 square feet of living space, which includes nine bedrooms and 13 baths. Inside, imported french chandeliers and sconces, 24-karat gold gilding, hand-picked marble flooring and double-marble staircase. The master suite consists of a 1,000-square-foot bedroom plus his and hers dressing areas, his and hers baths, his and hers offices and separate sitting rooms that open to an outdoor terrace overlooking the pool and tennis court. The home also includes an elevator, motor court and subterranean parking for eight vehicles. On the lower, underground level, there are staff quarters, a large craft room and a gym with steam shower, sauna and Jacuzzi. The gold-plated front doorknobs weigh 15 pounds each.

The home had been custom built by businessman C. Frederick Webha Sr. for himself and his family over a period of four years. The couple recently told the Los Angeles Times Business Journal that they felt it no longer made sense to live in such an ostentatious house in the kind of recession the U.S. is currently in. When the home was built, they had planned to host major political fundraising and charity events there.

For those of you—shall we way—of a certain age, you may recognize the address from back in the 1970s. The parcel this home sits on was part of a larger plot of land owned by a Saudi Sheik named Mohammed al-Fassi. Al-Fassi purchased the home that used to occupy that lot for $2.4 million cash in 1978. He immediately became a thorn in the side of his neighbors when he painted the house a shade of green that had been referred to by one critic as the color of rotting limes. To make matters worse, he painted all of the nude statues on the property in natural skin tones, and painted the hair and pubic areas as well to look more lifelike. The mansion became a stop for sightseers and caused traffic jams along Sunset Boulevard. It mysteriously burned in 1980.

There are three options for your holiday gift giving. If your price range falls somewhere in between that $575,000 and $68 million, please give me a call and I will be happy to help you find the perfect home at the right price. Enjoy the holidays.

Jefferson Hendrick is an L.A.-based Realtor with Keller Williams. Contact him with questions, concerns and real estate inquiries at jefferson@kw.com or facebook.com/jeffersonhendrickrealtor.

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