Monday, July 21, 2014

Fredonia Apartment #6 by Ray Kappe in Studio City Hits the Market

Images courtesy Deasy/Penner & Partners
3625 Fredonia Drive #6
2 Beds/2 Baths on 1,063 sqft built in 1963 in Studio City and listed for $495,000 on July 19, 2014. This home was previoulsy purchased at the peak of the last housing bubble on May 2, 2006 for $522,000 so looks like the seller will be taking a small loss. Apartment #9 sold last year on March 4, 2013 for $453,000 which was blogged about here

Ray Kappe was born in 1927 in Minneapolis, Minnesota. In 1972, he left the Department of Architecture at Cal Poly Pomona to start the Southern California Institute of Architecture (SCI-Arc) with a group of faculty and students. He has designed many mid-century modern homes in the Southern California with a good number in the SFV area including the Strimling Residence in Encino discussed on this blog. You can view his complete list of accomplishments at favorite architecture site Triangle Modernist Houses and LA Curbed.

The listing description states:
Updated 2 bed / 2 bath unit in Ray Kappe designed building close to Ventura Boulevard, Universal City & Studios, shops & restaurants of Studio City, and Hollywood Bowl and downtown Hollywood. Kitchen and baths recently updated and washer/dryer hook-up installed in the unit. Unit is close to a sunny pool with adjacent verdant hillside. Well maintained 12-unit building with 1 covered parking spot (additional spot may be available), and guest parking.
 You can view more SFV Architecture and Real Estate here.

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Thursday, July 17, 2014

Celeb R.E.: Taye Diggs Digging Out of Studio City Amidst Separation from Idina Menzel, the Voice of Frozen's Elsa

Images courtesy The Oppenheim Group
Fresh on the MLS is the Studio City home of actor Taye Diggs which was officially listed on July 16, 2014 for $2,995,000. 

Taye Diggs whose real name is Scott Leo Diggs is an accomplished stage, TV, and film actor best know for playing roles in the Broadway musical Rent, the film, How Stella Got Her Groove Back and The Best Man, and the TV series, Private Practice

Prior to 2013, Diggs was happily married to Idina Menzel who he first met and fell in love with back in 1996 when the duo were working together on the Broadway show, Rent, and later married on January 11, 2003. However, rumors started to surface of Diggs infidelity in 2013 which some have speculated led to the separation. Typically common with divorcee proceedings, assets are sold to make the process of divorce easier to settle so its possible that the listing of this home is in preparation of a finalized divorce. 

Despite Menzel's long career in show business, she didnt become wildly popular until last year with Disney's money making animation film, Frozen, playing the lead character, "Elsa The Snow Queen," as well as singing the film's Academy Award winning hit song, "Let It Go" (which I cant get out of my head now). At the time of writing this post, Frozen has generated $1.3 billion at the box office on a $150 million budge not including merchandise and record sales. Cha-ching!

The home measures 6 Beds/4 Baths on 4,931 sqft on a total lot size of 0.36 acres built in 1956. The listing description states:
Set privately at the end of a country lane, this stunning traditional boasts meticulous craftsmanship with bountiful natural light careening through the high-vaulted ceilings and open floor plan. Beyond a dramatic two-story foyer the main level boasts a chefs kitchen, vast living and dining areas for entertaining or raising a large family, an expansive master suite, and three additional bedrooms. An upstairs retreat offers a private office plus bedroom suite with vaulted ceilings and wood floors. A sweeping outdoor yard augments the home, with a large pool, rolling lawns, patios, and a tree-house. Three-car garage.
Menzel and Diggs first purchased this home on April 27, 2010 for $2,090,000 which I also happened to blog about in April 2011 (via the Realestalker) in my third ever celebrity R.E. post (so much sentimental value here). Based on today's asking price, Menzel and Diggs stand to make $452,500 each before taxes, commissions, carrying costs, and any renovation costs. But then again the attorney's will need to get paid if there is a divorce. 

Its not known where Diggs and Menzel are relocating to next but either of them may own a home in the New York area where they first started in Broadway. Hate to see Menzel or Diggs leave the SFV so hopefully they are just selling for divorce purposes and will be relocating within the SFV.

You can view more SFV Celeb R.E. here
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Monday, July 14, 2014

Filming Locations: The Lost World: Jurassic Park (1997)

The Lost World: Jurassic Park, also known as Jurassic Park: The Lost World, is a 1997 American science fiction action film directed by Steven Spielberg and the second of the Jurassic Park franchise.

Four years after the events of Jurassic Parkdinosaurs have secretly survived and been allowed to roam free on a deserted island. In the time between the two films, John Hammond loses control of his company, InGen, to his nephew, Peter Ludlow. Ludlow assembles a team to bring the animals back to the mainland to bring in revenue and restore the company. Hammond sees a chance to redeem himself for his past mistakes and sends an expedition led by Dr. Ian Malcolm to reach the island before InGen's team can get there. The two groups confront each other in the face of extreme danger and must team up for their own survival (Wikipedia). 

These locations were already discovered by the filming locations website, The Worldwide Guide to Movie Locations, so pay them a visit.  This site also discusses the other filming locations used as well filming locations for the first Jurassic Park movie which was mostly filmed in Hawaii. 

You can view more SFV Filming Locations here

When the T-Rex is transported to San Diego and eventually breaks free from its trap causing destruction and chaos to the city, the filming locations used were actually Granada Hills and Burbank. 

The T-Rex first breaks free in suburban Granada Hills looking for water which he finds in a swimming pool located at 17917 Mayerling Street which is in the Greyhawk Ranch estates. 

The T-Rex then continues hunting in the Burbank Golden Mall on San Fernando Road in between Palm Grove and Orange Grove. Some recognizable stores include Starbucks, Crown Books, Blocubuster Video, and Fuddruckers. Speaking of the Golden Mall, you can view vintage postcards here

The T-Rex heads back to Granada Hills at the 76 Gas Station known today at Granada Hills 76 located at 17000 Rinaldi Street. This location is the infamous scene where the 76 ball rolls down the gas station and onto the street.  

And the movie trailer:
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Thursday, July 10, 2014

Celeb R.E. Akon Calling It Quits In Woodland Hills After 11 Months

Images courtesy Coldwell Banker Previews

International hip-hop star, Akon, has decided to bail out of his newest acquisition after barely living 11 months in his Woodland Hills home located "south of the blvd." The always informative Lauren Beale at LA Times Hot Property first revealed on July 9, 2014 that this home was listed off-market for $3.5 million or $4 million including furniture and recording studio equipment. At the time of writing this post, the home was not listed on the MLS and might be a pocket listing. The listing description states:
Float on into Heaven, a private, secure, gated and recently reimagined modernist dream home. You have arrived. The day is done. Seamless indoor-outdoor living has begun. Twilight. Wade into the beach entry heated pool or ease your body and mind in the swirling whirling spa as flames from the three firepits light up the night sky and the cascading fountain flows. Grab a beverage from the indoor-outdoor bar and head on up to the upper patio. Dinner, freshly grilled and prepared in the outdoor kitchen, awaits. Surrender. Unwind. Sleep. Dream. Morning, awake. Sun beams through floor to soaring ceiling window walls and sliding doors. Breakfast, brilliantly prepared in the commercial grade gourmet kitchen, is served and savored on the poolside patio. Lifted. Inspired. Enlivened. Alive. Music, the muse, beckons. The sound. The soul. The studio. This is Heaven. Welcome home.
I first blogged about this property back on April 23, 2014 via a TMZ reporting providing extensive pictures, home details, comparison of the original home to the renovations, as well as a breakdown of Akon's other known properties primarily in the Georgia area that can be viewed here. I highly recommend visiting that page to see the comparison pictures. 

Akon purchased this property on September 12, 2013 for $1,950,000 and completely renovated the interior with "white-out" making every wall, cabinet, door, floor, etc the color white. The home also displays a pure futuristic modern look that makes it stand out amongst the neighboring homes that exhibit the typical ranch style from the 40's, 50's, and 60's.

I am not sure how much money Akon spent on renovations but that could explain the exorbitant listing price as he tries to recoup the money spent on renovations. For example, if Akon had spent $500,000 on renovations, he would still profit around $1 million before commission and taxes. This is purely speculation so dont quote me. But to put this price into perspective, the second highest price home in the area which is larger by one extra bedroom and 1,000 sqft is asking $2 million which has been on the market for close to a year. I realize this home is extremely unique so its harder to compare but this purchase will also need a very unique buyer and most likely an extremely wealthy one. 

As excited as we were to first learn about Akon living in the West SFV, we are also quickly saddened to learn that Akon is moving on. We wish Akon all the best in trying to sell this home which might be a record. 

You can view more SFV Celeb R.E. here
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