Monday, September 29, 2014

Unique West Hills Lot near Ahmanson Ranch with Italian Terrace Sells

Images courtesy Keller Williams Realty
Image courtesy Bing Maps
For the hikers heading toward Upper Las Virgenes Canyon Open Space Preserve (Ahmanson Ranch), you will easily recognize this unique Italian style terrace adorning the hillside of Victory Blvd in West Hills which was recently sold on May 2, 2014 for $750,000. I was surprised to learn of this sale as this 0.78 acre lot remained undeveloped for such a long time but had an awesome yet mysterious terrace that spread over two properties.

I wasnt sure of the history of this mysterious terrace so did some digging around and this is what I found. First and foremost, there is no historical significance to this property as the home located next door at 24802 Wooded Vista Road was built in 1996 along with the rest of the homes in this development. The massive terrace structure I believe was built sometime in the late 90's but I could be wrong so dont quote me here. The property at 24802 Wooded Vista is owned by Leonardo and Carmela Cordola who are the original owners. The Cordola's operate Van Nuys Marble and Granite (4.5 stars on Yelp) which  I am guessing helps explain why it was built since the Cordola's are in the home construction business specializing in masonry and could easily obtain the materials, design, and resources needed to build such a unique structure. The Cordola's also own or have owned other properties in the SFV. 

The vacant land next door located at 24808 Wooded Vista Road featured in this post was purchased by Jacqueline Cordola for $235,000 on March 9, 1988 which I am guessing is related to the Cordola's mentioned above. I am guessing both sides agreed to build this massive terrace which is connected with the intentions to build a home on the vacant land but that obviously never came to fruition. Jacqueline is based in the Stevenson Ranch area sold this property in May 2014 to Charash Gill. Gill owns many properties in the SFV primarily in Encino and Sherman Oaks with construction and maintenance business based in Encino. So its only a matter of time before this property is developed and flipped back on the market. 

The listing description states:
This lot with breathtaking views in exquisite Valley Circle Estates is NOT YOUR ORDINARY LOT. There are existing retaining walls and at the rear of the lot (Victory side) there is extensive masonry work, hillside terrace and stairways with Baluster railings. Lot is surrounded by large estate properties and is ready for development.
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Celeb R.E.: LA Native and Dallas Cowboys Orlando Scandrick Purchases Woodland Hills MCM


Image courtesy Dilbeck Real Estate
Back on September 12, 2014, the fine folks at LA Times Hot Property revealed that Orlando Scandrick of the NFL Dallas Cowboys purchased a Woodland Hills MCM in the Forest Hills area for $1,755,000 on August 26, 2014 just before the NFL season started. However, Scandrick was suspended for the first 4 games of the 2014 season due to testing positive for Molly, a performance-enhancing drug so he has plenty of time to decorate the place and hang up some pictures. 

The home measures 5 Beds/3.75 Baths on 5,103 sqft on a total lot size of 0.41 acres built in 1965. The listing description states: 
This breathtaking Contemporary home is located in the exclusive S. of the Blvd enclave known as Forest Hills named for its towering mature trees, sophistication and serenity. This completely remodeled retreat manifests luxury living at it's finest. The 5 comfortable BR's include the inviting mstr. suite with its generous use of space and loft area, grand dual-tired walk in closet, spa, stone counters and stylish cabinetry. The 4th enormous b. r. has a loft with a sitting area and vu and could easily be used as a Media/F. R. The Chef's kitchen has been newly appointed with Viking Appliances, pot filler, stone counter tops, artisan cabinetry and a walk in wet wine pantry. The spacious form. din. rm. is pfct for grand-scale entertaining; bkfst rm. looks out over the rear yard's towering trees; huge laundry rm. contains a dbl. sink; priv. 5th b. r. has its own entrance, cent. air and full ba. allowing for use as in-laws/ maid's quarters/ teenager's retreat, or a priv. office/ studio; priv. pool and spa area contain a cook's station and patio for entertaining. The rest of the yard contains a river rock pond w/ waterfall. This home/neighborhood brings tranquility and seclusion. Forest Hills also has 24 hour camera surveillance. Call listing agent for website.
Prior to the Woodland Hills home, Scandrick was living in a Hollywood Hills that sold for $2.1 million on the same day he purchased his new home which was also discussed at the LA Times. It's also interesting to see someone leave the "beloved" westside area and head over to the "boring" SFV so we welcome Scandrick with open arms who was born in Torrance and attended Los Alamitos High School. 

This listing was represented by Jeff Schermer aka "Mr. Woodland Hills" and Phyllis Rabin of Dilbeck Real Estate. 

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Celeb R.E. LA Native and NBA Star DeMar DeRozan Calls Tarzana Home


Images courtesy Wish Sotheby's International Realty
Image courtesy Bing Maps
Back on September 4, 2014, the fine folks at Trulia Luxe Living revealed that NBA star and LA native DeMar DeRozan of the Toronto Raptors purchased a Tarzana mansion in the celebrity filled gated Mulholland Park community for $3,752,500 on August 20, 2014. 

The home measures 7 Beds/8 Baths on 6,609 sqft on a total lot size of 1.07 acres built in 1995. The property is somewhat unique for the community as its actually spread over two parcels with the home on one parcel measuring 17,543 sqft and the pool, basketball court, and backyard on a second parcel measuring 28,778 sqft although some of this land is not usable. There is always the possibility to subdivide and built another home on the second lot but would be two small homes next to each other (relatively speaking for this area) that makes the investment questionable. The listing description states: 
Guard Gated Mullholland Park! Plan 6 that sits on one of the best lots in the development, almost 1 acre flat. This house was remodeled throughout 2 years ago. Dual staircase, distressed wood floors, media room, kitchen with double island, top of the line stainless steel appliances, family room with beamed ceilings, kitchen opens to outdoor covered patio and fireplace, large formal dining area, living room with high ceilings, fireplace, and doors that open to the backyard, office, maids and laundry room. All bedrooms are suites, huge master retreat w/ sitting area, balcony, 2 closets and an INCREDIBLE master bathroom with soaking tub and steam shower. The backyard has rolling lawns, full sports court, large sparkling pool and spa with slide, covered dining, and loggia. This is a great opportunity to live in One of the Best houses in Mulholland Park!
DeRozan is a LA native born in Compton where he played at the local High School as well as attending USC. He was drafted 9th overall in 2009 by the Toronto Raptors. In addition to the newly purchased Tarzana home, DeRozen also owns a Baldwin Hills house that was purchased on September 13, 2010 for $789,000 and a Las Vegas home that was purchased on June 12, 2013 for $519,000. 

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Friday, September 26, 2014

Morningside School in San Fernando Postcard




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Porter Hotel and Flynn's Grill in San Fernando Postcard



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Picking Olives in San Fernando Postcard



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Pacoima Wash in San Fernando Postcard



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Celeb R.E.: Whoa! Joey Lawrence Lists Calabasas Mansion


Images courtesy Berkshire Hathaway HomeService
Back on August 15, 2014, the always informative Lauren Beale at LA Times Hot Property revealed that actor Joey Lawrence from the hit TV shows, Blossom, Brotherly Love, and Melissa & Joey has listed his Calabasas home for $1,899,000 on August 13, 2014 which currently has no takers at the time of writing this post. 

The home measures 4 Beds/3.5 Baths on 4,562 sqft on a total lot size of 0.26 acres built in 1988. The listing description states: 
GORGEOUS WESTRIDGE REMODEL FEATURING CUSTOM WOOD BEAM CEILINGS, STONE COVERED FIREPLACES, SUEDE TEXTURED WALLS, HARDWOOD FLOORS, MOSAIC TILE WALLS IN DINING ROOM, CROWN MOLDINGS, NEW A/C UNITS & COMPRESSORS NEW DOORS AND HINGES THRU-OUT, NEW LIGHT SWITCHES & CANS PLUS NEW GARAGE DOORS AS WELL. KITCHEN BOASTS CUSTOM WOOD CABINETRY WITH CORIAN COUNTERS WITH CUSTOM TILED BACKSPLASHES, SIGNATURE SERIES KITCHEN-AID STAINLESS STEEL APPLIANCES INCLUDING 4 OVENS. FAMILY ROOM BOASTS WET BAR, FIREPLACE AND LEATHER WALL COVERINGS. MASTER SUITE WITH 3RD FIREPLACE, HARDWOOD FLOORS, VAULTED CEILINGS, 2 WALK-IN CLOSETS, SPA STYLE BATH WITH CUSTOM TILE WORK, ALL NEW SINKS AND HARDWARE AND BALCONY OVERLOOKING THE LUSHLY LANDSCAPED GROUNDS WHICH INCLUDES A (SAFETY FENCED) NEWLY PLASTERED POOL & SPA WITH ROCK WATERFALL, BBQ CENTER, DECK, LAWNS AND PATIOS ALL WITH FULL PRIVACY. THIS SHARP, MOVE-IN READY HOME IS GORGEOUS.
Lawrence last purchased this property on December 13, 2011 for $1,442,500 which was also blogged on this site  back on January 23, 2012 including his previous home in Encino. 

So will Joey Lawrence continue to call the SFV home?

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Thursday, September 25, 2014

4 Story 80-unit Hotel Coming to Victory Blvd in North Hollywod

Top image courtesy Google Maps, lower image courtesy Bing Maps
The latest development news is the planning of a 4 story 80-unit hotel on a 37,919 sqft lot at 12425 Victory Blvd in North Hollywood near the intersection of Whitsett Avenue. This news is surprising on two different fronts with the fact that there has been little to no new hotel developments in the SFV in the past couple of years (to the best of my knowledge) and its location is unique which is decent walking distance from the languishing Valley Plaza after you make the trek under the 170 Freeway. 

This property is split into two zones with the left side of the property measuring 6,893 sqft with a building zoned for restaurant use at 1,056 sqft built in 1971 which is located at 12409 Victory Blvd. The second portion of the property measures 28,854 sqft with a building measuring 1,906 sqft built in 1969 located at 12409 Victory Blvd. Both properties were sold on October 31, 2013 for $3,125,000 to SiRRR LLC with a mailing address at 10688 Riverside Drive Toluca Lake CA 91602. A search into this address doesnt reveal much so I am wondering if this is being built by a large hotel chain or a smaller operation. 

There is no historical significance to this location so I have no objections but I wonder how the new owner-operator feels about the just passed law to increase the minimum wage for hotel workers in LA to $15. The other minor significance to this location for the filming location fanatics like myself is that the first Lethal Weapon was filmed across the street from this location where the old Kinney Shoes store can be seen. 

You can view the Planning Commission notice below.

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Celeb R.E.: Panic! at the Disco's Brendon Urie Purchases Encino Ranch Home





Images courtesy John Aaroe Group
The fine folks at LA Times Hot Property first revealed back on August 5, 2014 that the lead singer of Panic! at the Disco, Brendon Urie, purchased an Encino home for $1,170,000 on July 25, 2014 for $1,170,000.

The home measures 3 Beds/2 Baths on 1,935 sqft on a total lot size of 7,996 sqft. The listing description states: 
This beautiful gated and private 3 bedroom 3 bath home is located moments away from shops and restaurants. The formal entry welcomes you with dark hardwood floors into the spacious living room with vaulted ceilings. The open and light kitchen is equipped with built in appliances and a center island with wine rack. All bedrooms have spacious walk-in closets. Luxurious master bathroom with relaxing spa tub and separate shower. The living and dining rooms open up to a private backyard with a glistening pool and waterfall perfect for a weekend BBQ and parties. Property is located in the Lanai School District, per Seller.
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