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Empty NoHo Lot Used in Pulp Fiction to Become 26 Unit Apartment

Wednesday, February 3, 2016 / No Comments
Bruce Willis who plays "Butch" in Pulp Fiction walking through empty lot.
Image courtesy Bing Maps
This latest hearing proposal calls for the construction of a 26 unit apartment building measuring 3 stories at a maximum height of 40 feet. The project takes place at 11818 (single family home) and 11828 (vacant lot) Runnymede St in North Hollywood. 
Image courtesy Google Maps
The single family home will be demolished which measures 4 Beds/3 Baths on 2,257 sqft on a total lot size of 10,383 sqft built in 1947. This home was purchased on March 31, 2015 for $440K by 11282 Runnymede LLC. 
Image courtesy Google Maps
The vacant lot measures 19,320 sqft which was purchased by the same LLC on December 19, 2014 for $650k. This lot was actually featured in 1994's cult classic, Pulp Fiction (other SFV locations can be viewed here), directed by Quentin Tarantino. At this location, Bruce Willis, who plays "Butch," walks to his apartment using the empty lot as a shortcut after parking his car one block south to avoid being seen from anyone. Suprsingly, this lot has remained vacant since 1994 but it wasnt always that way. Using historicalaerials.com, this land appeared to be the main location for possibly a ranch home going back to the last available year 1952. Sometime in between 1980 and 1989, the home was destroyed. 



Above images courtesy Historicaerials.com
You can view more SFV Architecture and R.E. here

85 Unit Condo Planned to Replace 1908 Home and 1962 Apartment in Studio City

Thursday, January 28, 2016 / No Comments
4215 Vineland Ave. Image courtesy Citywalk Apartments
11015 Aqua Vista Street. Image courtesy LA Conservancy
This latest hearing scheduled for next Tuesday is the demolition of a 1962 era 32 unit apartment as well as a 1908 Studio City home (that was discussed on this blog back in August) planned for demolition to build a new 4-story 85 unit condo with 7 units reserved for low income. The project also calls for 192 parking spaces on a total 49,357 sqft property. 
The apartment is known as Citywalk located directly across the street from the Garland Hotel while the 1908 home is possibly known as the "oldest extant residence in Studio City." The apartment was purchased by Joseph & Clara Hurley Trust back on July 22, 1988 for $2 million who later sold it to Citywalk Apartments LLC on September 14, 2010 for $4,650,046.  
You can view more SFV Architecture and R.E. here









Images courtesy Citywalk Apartments

Home Rental Price Gouging in the West SFV?

Friday, January 15, 2016 / No Comments

So this is either capitalism working the free market or people taking advantage of others in desperate times amid the damage caused by the Aliso Canyon gas leak above the hills in Porter Ranch. Below are homes for rent in the West SFV pulled on January 15, 2015 from the MLS. Is this a smart move by the owners to realize the supply/demand imbalance or simply price gouging? 

So you can either purchase or rent this lovely brand new built home with a guest house in Sherwood Forest for $1,596,000 or a $16,500 rent. To put this into perspective, a mortgage with 20% down payment at $319,200 paid over a 30 year period at 4.5% interest including property tax at $17,000 and insurance at $1,500 would cost you $8,011.02 or half the rental cost. Property owned by Patti Ann Bilbro.

According to Zillow, this ranch style home on Soup should rent around $3,100 although comes fully furnished at $8,500. Owned by Mia Shomer. 

1978 built Chatsworth home in a cul-de-sac walking distance to the high school but minus the garage. Rent is $7500 with a Zillow estimate of $3600. Home owned by the Susan Guldbeck Trust. 

Large ranch style Northridge home at 3,269 sqft within walking distance to CSUN. Home owned by Gloria Feldman. 

1989 built Winnetka home with plenty of space at 2,932 sqft. This was listed at $7,500 but doesnt appear to be available. Not sure if someone actually rented at this price or owner changed mind. Owned by Jen and Melinda Seto. 
Canoga Park home near the old Costco in one of the few remaining neighborhoods that is zoned for equestrian use. Owned by Hayley Silvers. 

Typical Northridge home with 3 Beds/2 Baths, 1,568 sqft on a sometimes busy Lassen but this will get you into the highly coveted Nobel Middle School and Granada Hills High School. Owned by Fereydoon and Soheila Family. 
Canoga Park home near Roscoe and Fallbrook built in 1973 with 4 Beds/2 Baths on 1,850 sqft. Owned by Tigran Galstian and Lusine Arutyunyan. 
Lastly, West Hills home in the Highland Tract area near Sherman Way and Platt Ave. This one is actually the cheapest of the more inflated rentals so this might be a bargain. Owned by Patricia L Vaughn Trust. 
Lastly, if you are going to be spending $5k - $7K, might as well go for a mansion although "short term options will be at a premium" according to the listing. The 6,500 sqft mansion in the Summit Ridge gated community has plenty of amenities and breathtaking views of the SFV. Owned by George Mortensen and Karen and Chong Kim (I think). 

Original 1952 Reseda Home Planned for 27 Unit Apartment Complex

Thursday, January 14, 2016 / No Comments
Listing image courtesy Rodeo Realty
This latest hearing notice calls for a 27 unit apartment complex replacing an original 1952 Reseda home (7008 Baird Ave) that appears to need major upgrading. The home measured 2 Beds/2.25 Baths over 2,291 sqft on a total lot size of 0.38 acres that was sold on June 12, 2014 for $540K to Alko Reseda LLC which is linked to a Kobi and Yacov Serazi of Calabasas. 

The apartment will be 4 stories with one level of subterranean parking which includes 41 parking spots. I feel sorry for the nearby neighbors as any available street parking will be non-existent although being next to Reseda Blvd might bring some options. Also, one has to wonder if this will start a domino effect where other nearby large lots are also converted to apartments.

You can view more SFV Architecture and R.E. here.


Above images courtesy Google Maps
Image courtesy Bing Maps