I have been saying this alot, but 2011 is looking quite promising both personally and professionally for everyone that I have spoken to. It's been a while since my last blog. My tradition for the last two years has been to spend the holidays in my other favorite city, London. It was an amazing time and I can tell you that my new year certainly did start out with a bang in every sense of the term! I hope everyone had as a good a holiday season!
Just Sold - 7320 Hawthorn Blvd, Los Angeles, CA 90046 - 1br/1ba, 760 sq ft: List $335,000, Sale: $325,000, Appraised Amount: Roughly $367,000. This was probably one of the smoothest short sales I have ever dealt with. Just to give you an overview, the Hollywood Regis is located just steps away from Runyan Canyon at 7320 Hawthorn Blvd. The building is a condo conversion completed right around 2007. It was our main competitor while I was selling The Rob Clark as it's marketing was also geared towards the first time buying, young Hollywood. The building itself has a beautiful lobby, heated swimming pool with cabanas, jacuzzi, and a fitness center that you would actually want to use. We closed at $325,000 cash with a 2 week escrow. The Hollywood Regis is always in my back pocket when clients are looking for second homes or investment properties. The units sell quickly, the comps have remained relatively stable, and the rental demand is high. On average, you are looking to get close to $2300/month for a 1 bedroom. The unit features tile floors, stainless steal kitchen with granite counter tops, gas fireplace with stone accents, and a killer view of the hills from the balcony. This condo was truly a steal for my clients and am so happy that we were able to close this quickly for them!
In Escrow - 3401 Coldwater Canyon Lane, Beverly Hills, CA 90210, 3 br Residence at 2829 sq ft with a 2 Story Guest House, Massive Pool - $1,399,000. This is one of those special homes that you don't see everyday. Located on Coldwater Canyon Lane, just off of Mullholland, one gets the best of both worlds. Situated down a long private road, you have the sense of complete privacy while being 5 minutes south of the center of Beverly Hills or 5 minutes north to the best of Studio City. This majestic wooded lot is set up compound style with: a separate 2 car garage/parking court that can fit 5-6 cars, steps that lead to a 2 story guest house with full kitchen/bath/fireplace/massive bedroom, and the main house below with 3br/3ba. The views from the main house showcase panoramic canyon views as well as overlooking the dramatic blue waters of the pool down below. The pool is probably one of the largest I have ever seen in a SFR and I have been in some of the biggest homes in town. Situated on 1.9 acres that are well utilized, this is a truly a rare offering.
As I have said before, there is a lot of change in the air for Rich Kids so definitely keep checking in!
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